- US Treasury Sec. Yellen: No bailout for SVB, ‘system is safe'
Market news
13 March 2023
US Treasury Sec. Yellen: No bailout for SVB, ‘system is safe'
In an interview with CBS'"Face the Nation on Sunday, "US Treasury Secretary Janet Yellen provided few details on the government's next steps.
Key quotes
"We're not going to do that again.”
"But we are concerned about depositors, and we're focused on trying to meet their needs."
"The American banking system is really safe and well capitalized. It's resilient."
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page