Yellen states that Silicon Valley Bank will not receive a bailout l WNT (rewritten in headline format)
After Silicon Valley Bank's dramatic downfall, Treasury Secretary Janet Yellen insisted a government bailout is off the table. WATCH FULL EPISODES OF WORLD NEWS TONIGHT: WATCH WORLD NEWS TONIGHT ON HULU: #worldnewstonight #yellen #siliconvalleybank #bailout #siliconvalley... ( read more )
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The recent news of Silicon Valley Bank (SVB) faced with significant financial challenges and requesting a bailout from the Federal Reserve has not received the positive response it had hoped for. The current treasury secretary, Janet Yellen, has made it clear that no bailout will be provided to SVB. As the head of the Federal Reserve from 2014 to 2018, Yellen has extensive experience dealing with financial crises and ensuring the stability of the US economy. Her decision to deny a bailout for SVB is...