Treasury Secretary Janet Yellen said Sunday the government wants to avoid financial "contagion" from Silicon Valley Bank's implosion, but while the US rules out a bailout it reportedly is considering safeguarding all of the fallen institution's deposits.
Source: https://www.france24.com/en/video/20230312-there-is-concern-that-this-is-the-biggest-collapse-of-a-financial-institution-in-america-since-the-crisis-of-2008
"There is concern that this is the biggest collapse of a financial institution in America since the crisis of 2008", says David Smith, Washington Bureau Chief, The Guardian.
Source: https://www.france24.com/en/americas/20230312-yellen-rules-out-svb-bailout-but-us-said-to-weigh-safeguarding-deposits
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