Key Highlights :
1. The government is not going to bail out Silicon Valley Bank.\n2. The American banking system is really safe and well capitalized.\n3. There are fears that some workers across the country won't receive their paychecks.\n4. Yellen tried to reassure Americans that there will be no domino effect after the collapse of Silicon Valley Bank.
There is no bailout for Silicon Valley Bank, the American banking system is safe and well capitalized, and there are no fears of a domino effect after the collapse of Silicon Valley Bank.
for exclusive insights and analysis on the latest technology news and startups. Get your daily dose of tech news in your inbox every morning. TLDR Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money.
Continue Reading at Source : economictimes_indiatimes