US Treasury Sec. Yellen: No bailout for SVB, ‘system is safe’

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In an interview with CBS'”Face the Nation on Sunday, “US Treasury Secretary Janet Yellen provided few details on the government’s next steps.

Key quotes

“We’re not going to do that again.”

“But we are concerned about depositors, and we’re focused on trying to meet their needs.”

“The American banking system is really safe and well capitalized. It’s resilient.”