Silicon Valley Bank Collapse: Government Action Today? - LIVE Breaking News Coverage
The U.S. government is considering acting today to prevent the Silicon Valley Bank collapse from spreading a further crisis in the nation’s banking system. Get the latest on possible government action today on the Silicon Valley Bank collapse in our LIVE coverage.
Silicon Valley Bank (SVB), formerly the nation’s 16th largest bank, failed on Friday and was taken over by the FDIC. (SVB traded under the symbol SIVB.) Now the U.S. government is worried there could be widening effects from the Silicon Valley Bank collapse on other banks in the country. The government is reportedly considering taking action today, which could include bailing out uninsured depositors in SVB, trying to find a buyer for the bank, or other options. In this interactive live stream, host Steve Lookner brings you the latest on the Silicon Valley Bank collapse and possible government action today to prevent a spreading crisis, including a possible bailout of uninsured deposits, and he’ll also read your comments and questions on the air!
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