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No federal bailout for collapsed Silicon Valley Bank, Yellen says

Por: Los Angeles Times World March 12, 2023

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Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money. The Federal Deposit Insurance Corp. insures deposits up to $250,000, but many of the companies and wealthy people who used the bank — known for its relationships with technology start-ups and venture capital — had more than that amount in their account. There... + full article



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