Economy

SVB collapse: Yellen says US could backstop small banks if problems grow

By Zach Halaschak
Published March 21, 2023 2:11pm ET
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SVB collapse: Yellen says US could backstop small banks if problems grow
Treasury Secretary Janet Yellen testifies before the Senate Finance Committee about President Joe Biden's proposed budget request for the fiscal year 2024, Thursday, March 16, 2023, on Capitol Hill in Washington. | (AP Photo/Jacquelyn Martin)


Treasury Secretary Janet Yellen said that the federal government could intervene to protect depositors at small banks if the fallout from Silicon Valley Bank’s collapse keeps growing.

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Finance Janet Yellen Silicon Valley Bank