Yellen Rules Out ‘Blanket Protections’ For All Bank Deposits After Protecting SVB Customers

Yellen Rules Out ‘Blanket Protections’ For All Bank Deposits After Protecting SVB Customers

Upworthy

Published

Treasury Secretary Janet Yellen said Wednesday she is not considering any new “blanket” insurance to back up all U.S. bank deposits beyond the current $250,000-per-account limit, even though the federal government let Silicon Valley Bank depositors recover all their money after its collapse…

#treasury #janetyellen #siliconvalleybank #svb #treasurydepartment #republicans #billhagerty #tenn #signaturebank #firstrepublicbank

Full Article