Treasury Secretary Janet Yellen said Sunday that a bailout of SVB is not on the table but that regulators are exploring other options. “We are concerned about depositors and are focused on trying to meet their needs,” Yellen said on CBS’ “Face the Nation.” Many investors on Wall Street and in Silicon Valley are anticipating additional information to be announced at some point on Sunday.
Silicon Valley Bank’s customers, along with investors and bankers across the globe, are waiting for an announcement from U.S. regulators about what comes next after the largest bank failure since 2008.
The Federal Deposit Insurance Corporation (FDIC) said Friday that SVB would