Main Content

Government scrambles to calm customers in wake of Silicon Valley Bank collapse


The federal government announced that regulators will create a backstop for uninsured deposits at Silicon Valley Bank to calm fears that other banks would fail soon. Secretary of Treasury Janet Yellen indicated there would be no government bailout following the financial collapse of 2008. New outrage comes as CNBC reports that SVB employees received their bonuses just hours before the bank went under.

NRNews and Information Primetime Excerpt
Appearing:Lester Holt
Tags: health, International News, Lester Holt, Making A Difference, NBC Nightly News, National News, news, nightly news, U.S. News, Breaking News, Evening News, politics, World News


We and our partners use cookies on this site to improve our service, perform analytics, personalize advertising, measure advertising performance, and remember website preferences. By using the site, you consent to these cookies. For more information on cookies including how to manage your consent visit our cookie policy.