Yellen: No Federal Bailout for Collapsed Silicon Valley Bank

The collapse of Silicon Vally Bank is the second biggest bank failure in American history after the collapse of Washington Mutual in 2008.

AP/Susan Walsh
The treasury secretary, Janet Yellen. AP/Susan Walsh

Treasury Secretary 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.

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