The acquisition of the bankrupt Silicon Valley Bank has become a priority for the US Treasury and the Federal Deposit Insurance Corporation (FDIC), the TV station reported. nbc news.
Finding a buyer for Silicon Valley Bank is a top priority for the Treasury and the FDIC.
The US government is hastily looking for opportunities to protect SVB customers’ assets in excess of $250,000 – these are not covered by the federal government’s usual guarantee, according to the channel, which relied on sources from two departments.
Former Treasury Secretary Janet Yellen stated He said the US administration would not bail out the bankrupt Silicon Valley Bank (SVB).
The head of the U.S. Treasury noted that the country’s officials were “concerned about their depositors and focused on meeting their needs.” But when asked whether depositors would be paid in full, Yellen declined to comment on the government’s plans.