Government scrambles to calm customers in wake of Silicon Valley Bank collapse
03:10
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.March 12, 2023
UP NEXT
Long-Covid patients find hope in treatment aiming to restore taste and smell
02:15
Trump’s rivals and allies react to historic indictment
02:19
Storm systems in South and Midwest putting 58 million under tornado threats
03:54
NYPD prepares for Trump indictment protests
02:26
What’s next for Trump after his historic indictment?
01:22
911 calls released from Nashville elementary school shooting