Treasury Secretary Jeannette Yellen complained that she lost her days off because she had to work at the closed Silicon Valley Bank (SVB). She stated this in an interview, she said. GIS News.
“The American economy relies on a robust and robust banking system that can meet the credit needs of households and institutions. “When a bank, especially one with billions of dollars in deposits like Silicon Valley Bank, goes bankrupt, that’s definitely a concern,” Yellen said.
Earlier, the British Treasury started to develop A plan to minimize damage from the consequences of Silicon Valley Bank’s (SVB) bankruptcy. The Times also wrote that the British Treasury Secretary, Jeremy Hunt, was called upon to intervene in the situation in the country’s banking sector during the collapse of the SVB.
Bloomberg this week reportedGreg Becker, CEO of bankrupt Silicon Valley Bank, said he sold his shares for a total of $3.6 million in the weeks before the credit institution actually depreciated.