The sudden collapse of Silicon Valley Bank last week segued into an anxious weekend for depositors, as start-ups and Wall Street fretted about the regulatory response to the largest bank failure since the financial crisis. They got slightly more clarity Sunday.
There will be no federal bailout of Silicon Valley Bank, Treasury Secretary Janet Yellen told CBS’ Face the Nation Sunday morning. But even with a bailout off the table, Yellen clarified that regulators are working to make sure the bank’s depositors don’t suffer.
Source: https://www.barrons.com/articles/no-bailout-for-svb-heres-what-to-expect-d1a9ddc8?siteid=yhoof2&yptr=yahoo