© Provided by Xinhua The impact of SVB collapse has been regional so far. But in the worst-case scenario, if it triggers a general crisis of confidence
The U.S. government would not bail out Silicon Valley Bank (SVB), Treasury Secretary Janet Yellen said on Sunday as systemic "contagion" worries spread across the venture capital and technology industries.
SAN FRANCISCO, March 13 (Xinhua) Shares of First Republic Bank fell more than 65 percent in early trading on Monday morning, causing trades of the company to be halted due to volatility.