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Government takes steps to shore up confidence after collapse of two banks sparks fears

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Regional banks took a beating and suffered their deepest losses in years on the stock market Monday. It came after the government's top financial authorities spent the weekend taking action to shore up confidence around the system after the failure of two major banks. Plenty of questions remain about the government's action and the potential fallout. Economics Correspondent Paul Solman reports.

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Category
U.S. & Canada
Tags
bank accounts, bank assets, bank equity
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