Latest! U.S. Treasury Secretary Yellen speaks out: not considering a massive bailout of Silicon Valley banks
Hawk News
2023-03-13 16:15:03
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U.S. Treasury Secretary Yellen said in an interview the same day about the impact of Silicon Valley bank failures on the U.S. banking system that she is working with bank regulators to design appropriate policies to ensure that depositors of Silicon Valley banks can get their money back and control the negative impact of Silicon Valley bank failures on the U.S. banking system, but the federal government is not currently considering a massive bailout of the bank。Talking about the Federal Deposit Insurance Corporation's (FDIC) takeover of Silicon Valley Bank, Yellen said the FDIC is considering options, including acquisitions, to determine where Silicon Valley Bank ultimately goes
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