US Treasury Secretary Bessent on deposit insurance says he hails idea to stem small bank deposit flight in crisis
The comments from Treasury Secretary Bessent underscore a proactive approach to address deposit insurance amid concerns about small bank stability.
Cerebra's Systems raises USD 1bln series H at roughly USD 23bln
Newsquawk Daily Economic Releases - 5th February 2026
US Treasury Secretary Bessent on deposit insurance says he hails idea to stem small bank deposit flight in crisis
US Treasury Secretary Bessent said he has no authority to use taxpayer dollars to buy the cryptocurrency, when asked by Senator Sherman asked if the Treasury could intervene to “bail out Bitcoin.”
Chinese President Xi says he's willing to work with US President Trump in the Chinese New Year, Xinhua reports
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This could indicate a potential regulatory shift aimed at reinforcing confidence in smaller financial institutions, which may influence market sentiment towards both banks and risk assets more broadly.
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