Treasury Secretary Yellen says US authorities will not bail out bankrupt SVB

During the 2008 financial crisis, the US authorities bailed out some investors and owners, she said, but "the reforms that have been made mean we're not going to do it again."

“But we are concerned about depositors, and we are focused on trying to meet their needs,” Yellen said in a statement to TASS.

Earlier it became known that a large bank Silicon Valley Bank was closed in California.

Later, American businessman Elon Musk did not rule out the possibility of buying the bankrupt SVB.