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Understanding The Uses Of Idle Funds Under SBIC Program

By Bryan Bylica and Philip Kassel ( May 18, 2023, 4:07 PM EDT) -- In the first half of 2023, there has been a significant disruption in the U. S. and larger worldwide banking systems, highlighted by three of the largest bank failures in U. S. history — First Republic Bank, Silicon Valley Bank and Signature Bank, among others. This was followed by UBS, with the backing of the Swiss government, agreeing to acquire Credit Suisse, a designated global systemically important bank by the Financial Stability Board. . . .

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