Program that averted banking crash in 2023 set to end on March 11th

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Remember the Banking Crisis of 2023?

Back in March/April of last year, when 4 banks failed all within a few weeks of each other?

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Well, it turns out what helped stop that contagion from spreading was something known as the Bank Term Funding Program.

This program, the Banks’ safety net is scheduled to end March 11, 2024.

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