2 years ago
Janet Yellen said successful an interrogation connected March 12 that U.S. regulators are moving to code Silicon Valley Bank collapse, but not considering a large bailout.
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United States Treasury Secretary Janet Yellen is reportedly moving with regulators to code Silicon Valley Bank illness and support investors, but not considering a large bailout.
Yellen made the comments during an interview with CBS News connected March 12, claiming that regulators are designing "appropriate policies to code the situation" astatine the bank. She stated:
"During the fiscal crisis, determination were investors and owners of systemic ample banks that were bailed out, and we're surely not looking. And the reforms that person been enactment successful spot means that we're not going to bash that again. But we are acrophobic astir depositors and are focused connected trying to conscionable their needs."Regarding the information that astir accounts astatine SVB are unsecured, Yellen noticed that regulators are "very alert of the problems that depositors volition have, galore of them are tiny businesses that employment radical crossed the country. And of course, this is simply a important concern, and moving with regulators to effort to code these concerns."
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