Treasury Secretary Yellen says no bailout for Silicon Valley Bank ...Middle East

WASHINGTON: US Treasury Secretary Janet Yellen said Silicon Valley Bank's collapse will not warrant a government bailout, reported UPI.Yellen appeared on Face the Nation on CBS Sunday, where she discussed the role the government should play when a financial institution fails.Yellen said Silicon Valley Bank's shutdown differs from the string of banks that were bailed out during the 2008 economic crisis because of reforms that have been made since.Well let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out, and we're certainly not looking, she said.And the reforms that have been put in place mean that we're not going to do

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Last updated : 13 March 2023 clock 11:25 AM

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Treasury Secretary Yellen says no bailout for Silicon Valley Bank ...Middle East

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