Silicon Valley Bank: "Not a Bailout," Says White House

Amidst concerns surrounding the collapse of Silicon Valley Bank (SVB), the White House is vehemently asserting that the government\'s response is not a bailout. The distinction is crucial, as officials aim to reassure the public while stabilizing the financial system. After Silicon Valley Bank careened off a cliff last week, jittery venture capitalists and tech startup leaders pleaded with the Biden administration for help, but they WASHINGTONA sweeping package aimed at containing damage to the financial system in the wake of high-profile failures has prompted questions about whether the.

Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money. President Biden on Monday stressed that Silicon Valley Bank (SVB) will not get a government bailout after regulators seized the assets of the failed bank.

The core argument hinges on the source of the funds. Biden cited the source of the rescue money – bank premiums and interest earned on funds invested in U.S. government obligations – to argue his administration\'sstrategy isVer más. The Washington Abailoutgenerally refers to government assistance to ensure that a financial institution or company doesn\'t collapse or gobankrupt.

Update 3:55 p.m. EDT March 13: Federal officials on Monday said that action taken in response to the failure of Silicon Valley Bank is not a “bailout,” But back to the word “bailout” – which

HSBC on Monday announced a deal to buy the U.K. subsidiary of Silicon Valley Bank, which has a new name: SVB Bridge Bank.

While the government is stepping in to protect depositors and prevent wider financial contagion, officials emphasize that the measures taken are designed to safeguard the financial system and support economic stability, rather than directly rescuing SVB itself.