New policies adopted on Sunday by U.S. banking regulators will 'wipe out' equity and bondholders in Silicon Valley Bank and Signature Bank of New York while protecting all customer deposits, a senior U.S. Treasury official said.
The official said the steps were taken to stabilize the financial system and protect depositors, and did not constitute a bailout of either firm. No losses of either bank will be borne by U.S. taxpayers, the official said.
Together with the Federal Reserve's decision to make funds available to eligible financial institutions and ensure they can meet the needs of all their depositors, the steps would "restore market confidence," the official said.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
How Silicon Valley Turned on Silicon Valley BankThe fallout from Silicon Valley Bank threatens to engulf Silicon Valley—and has put the rest of the banking system on edge
Leer más »
Treasury Secretary Janet Yellen says U.S. government won't bail out Silicon Valley BankTreasury Secretary Janet Yellen says U.S. government will not bail out Silicon Valley Bank
Leer más »
Silicon Valley Bank won’t get bailout, Treasury Secretary Janet Yellen saysYellen, appearing on CBS’ “Face the Nation,” said the government wouldn’t rescue the nation’s 16th-largest bank, as was done for hundreds of institutions during the fi…
Leer más »
Treasury secretary rules out bailout for Silicon Valley Bank | CNN PoliticsTreasury Secretary Janet Yellen on Sunday ruled out a federal bailout for Silicon Valley Bank following its spectacular collapse last week.
Leer más »
No federal bailout for collapsed Silicon Valley Bank, Treasury Secretary saysTreasury 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.
Leer más »