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RE: LeoThread 2024-11-22 12:08

in LeoFinanceyesterday

Part 5/9:

Despite these challenges, the bank managed to avoid immediate asset liquidation to cover withdrawals by resorting to extensive short-term borrowing, primarily through the Federal Reserve's discount window. However, management's efforts to stabilize the situation were ultimately thwarted by FDIC intervention, which sought to mitigate broader systemic risks.

Implications for the Banking Sector