The sudden collapse of Silicon Valley Bank last week turned into an anxious weekend for depositors, as start-ups and Wall Street worried about the regulatory response to the biggest bank failure since the financial crisis. They got a little more clarity on Sunday morning.
There will be no federal bailout of Silicon Valley Bank, Treasury Secretary Janet Yellen told CBS. Confront the Nation Sunday morning. But even with a bailout on the table, Yellen said regulators are working to make sure the bank’s depositors don’t suffer.