U.S. Treasury Secretary Yellen responds to bank collapses: "We will protect investors, but will not provide further bailouts."
According to Reuters, U.S. Treasury Secretary today (11) responded to the Silicon Valley Bank closure incident, stating that banking regulators are closely collaborating to respond to the collapse of Silicon Valley Bank and protect investors. However, she also mentioned that they are not considering a large-scale bailout.
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According to Reuters, U.S. Treasury Secretary responded to the Silicon Valley Bank closure incident on the 11th, stating that bank regulators are closely coordinating responses to the collapse of Silicon Valley Bank and protecting investors. However, she also mentioned that there is no consideration for a large-scale bailout.
Yellen said, "Let me be clear, during the financial crisis, many investors and large banking systems received bailouts. Reforms have been implemented, which means we will not do it again." However, Yellen emphasized that she is still very concerned about the needs of depositors.
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