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No federal bailout for SVB, as per Secretary Yellen. State of affairs would possibly change if contagion spreads to different banks.
It additionally seems they’re contemplating a contingency to insure deposits >250k. Monday morning shall be fascinating to say the least.
Chairman Powell was on Capitol Hill this previous week and seems shall be current once more this week. The CPI will even be launched on Tuesday morning.
https://apnews.com/article/silicon-valley-bank-bailout-yellen-deposits-failure-94f2185742981daf337c4691bbb9ec1e
submitted by /u/Jabroni_16 [comments]
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