During an interview on March 12, Janet Yellen said that U.S. regulators are working to address Silicon Valley Bank collapse, but not considering a major bailout.
United States Treasury Secretary Janet Yellen is reportedly working with regulators to address Silicon Valley Bank collapse and protect investors, but not considering a major bailout.with CBS News on March 12, claiming that regulators are designing"appropriate policies to address the situation" at the bank. She stated:
Regarding the fact that most accounts at SVB are unsecured, Yellen noticed that regulators are"very aware of the problems that depositors will have, many of them are small businesses that employ people across the country. And of course, this is a significant concern, and working with regulators to try to address these concerns."
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