US Treasury Secretary Janet Yellen has spoken to Face The Nation and says there’ll be “no bailout” of Silicon Valley Bank after its collapse, according to CommSec’s Craig James.
“They’re focused on protecting the depositors and insured deposits of up to $250,000 likely to be paid later today,” he told Sky News Australia.
“It is a big week, and we’ll be watching the news flow coming out from the Federal Reserve, the regulators … and also the Treasury Secretary again, Janet Yellen.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Silicon Valley Bank collapse: Unpredictable contagion and big risk lessonsFears of a broader financial sector collapse appear to be unfounded for the time being, but that doesn’t mean the downfall of the Silicon Valley lender won’t have serious repercussions.
Read more »
Silicon Valley Bank collapses and enters receivershipThe California Department of Financial Protection and Innovation said it has taken possession of Silicon Valley Bank, citing inadequate liquidity and insolvency.
Read more »
Silicon Valley the second largest bank collapse in US historySilicon Valley Bank collapsed after a stunning 48 hours in which a bank run and a capital crisis led to the second-largest failure of a financial institution in US history. 9News
Read more »
Silicon Valley Bank shut by US regulatorBanking regulators take over and close Silicon Valley Bank in the biggest US bank failure since the global financial crisis.
Read more »
USD Coin value falls after revealing $3.3bn held at Silicon Valley BankThe stablecoin fell as low as $0.87 as Circle broke the news that its reserves were at the collapsed lender
Read more »
Yellen says Silicon Valley Bank won’t receive bailout after collapseUS treasury secretary says Biden administration is working closely with regulators to help depositors as fears of banking crisis rise
Read more »