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Posts tagged as “CBS Bay Area”

Treasury Secretary Yellen and Rep. Khanna Discuss Government’s Plan to Protect Silicon Valley Bank Depositors

Key takeaways: The Federal Deposit Insurance Corporation (FDIC) is responsible for insuring deposits up to $250,000. Treasury Secretary Janet Yellen said the federal government would not bail out Silicon Valley Bank, but is working to help depositors. The FDIC is currently working to protect the interests of depositors, and the Treasury Department is monitoring the situation closely. The Federal Deposit…