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Bankruptcy of SVB: the US government wants to avoid contagion, but rules out a bailout

2023-03-12T13:35:34.401Z


“We want to make sure that the problems that affect one bank do not create contagion to others that are strong,” said US Treasury Secretary Janet Yellen.


The US government wants to prevent the bankruptcy of the American bank Silicon Valley Bank (SVB) from causing contagion to the rest of the banking system, said Sunday the US Secretary of the Treasury, Janet Yellen, who nevertheless ruled out a bailout of the establishment. .

We want to make sure that the problems that affect one bank do not create contagion to others that are solid

,” said the American Minister of Finance during an interview with CBS.

Source: lefigaro

All news articles on 2023-03-12

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