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The Latest Breaking News from Janet Yellen

Biden will address the nation about the collapse of Silicon Valley Bank

While the Biden administration has no intentions of bailing out the bank, it has introduced emergency measures to protect the US economy and give bank clients access to their funds

The Independent UK

US stems SVB fallout by backing customer deposits

US officials will shore up deposits to stem any broader financial fallout from the sudden collapse of Silicon Valley Bank.

The New Daily

Feds say Silicon Valley Bank clients will get funds as another troubled bank is shuttered

The Treasury, FDIC and Federal Reserve said clients of Silicon Valley Bank would be protected as the agencies sought to find a buyer and stop further bank runs.

Chicago Sun-Times

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Signature Bank takeover could leave crypto firms scrambling

The Treasury, Federal Reserve, and FDIC jointly announced that depositors would be made whole.

Fortune

Second bank closed as regulators say they will protect Silicon Valley Bank deposits at no cost to taxpayer

Signature Bank of New York shuttered as federal government moves to protect depositors

The Independent UK

After Silicon Valley Bank failure ‘there’s going to be more,’ warns former FDIC Chair William Isaac

“There’s no doubt in my mind," said Isaac. "Seems to me to be a lot like the 1980s.”

Fortune

Janet Yellen says the federal government won't bail out Silicon Valley Bank

The California lender was taken over by regulators after a "run" on the bank. The Treasury secretary says the U.S. won't come to the bank's rescue like it did for others in the 2008 financial crisis.

WEKU

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US seeks to quell risk of a bank run as Yellen pledges protections

WASHINGTON — U.S. regulators are racing against the clock to find solutions for failed Silicon Valley Bank while Treasury Secretary Janet Yellen said officials are focusing on protecting depositors, as officials seek to avoid a wider bank run.

Tribune News Service

US guarantees all deposits after Silicon Valley Bank collapse, as Biden promises action

Announcement comes as Signature Bank was closed on Sunday by regulators – the second to fail in a week

The Guardian - US

Yellen says no federal bailout for Silicon Valley Bank

Treasury Secretary Janet Yellen says the federal government won't bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money

The Independent UK

A Silicon Valley lender collapsed after a run on the bank. Here's what to know

Silicon Valley Bank was taken over by federal regulators on Friday, capping a spectacular collapse after the lender suffered a run on deposits.

WEKU

Silicon Valley Bank swiftly collapses after tech startups flee

Silicon Valley Bank became the biggest U.S. lender to fail in more than a decade after a tumultuous week that saw an unsuccessful attempt to raise capital and a cash exodus from the tech startups that had fueled the lender’s rise.

Tribune News Service

Josh Hawley warns that China can access Americans’ data through TikTok as he seeks to ban popular app

The Missouri senator and critic of big tech has long called for a ban on the app in the US

The Independent UK

Senator's TikTok whistleblower alleges data abuses

Sen. Josh Hawley has spoken to a TikTok whistleblower, who charges the firm's data protections are weaker than claimed.

Axios

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Fortune

Bank of America analyst warns the Fed will hike rates to 'point of pain' to get inflation down

An unexpected spike in inflation in January prompted questions to Treasury Secretary Janet Yellen over whether a recession is inevitable.

WEKU

As G-20 ministers gather in Delhi, Ukraine may dominate — despite India's own agenda

India wants to steer talks away from Russia, with which it's maintained ties despite the Ukraine invasion. Russia's top diplomat walked out of a previous G-20 summit over criticism of the war.

Evening Standard

Putin’s troops are ‘destroying everything’ Ukrainian forces using to defend Bakhmut, says Volodymyr Zelensky

The months-long battle for Bakhmut has been among the bloodiest of the war, with thousands of casualties on both sides

The New Daily

Russia attempts to encircle Ukraine defenders in Bakhmut

Russian forces are pressing their offensive in eastern Ukraine as they attempt to encircle the small mining city of Bakhmut.

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The Guardian - AU

Russia-Ukraine war live: US does not expect significant Russian gains this year; Lukashenko arrives in China

Pentagon official says war now a ‘grinding slog’; Belarus president to meet Xi Jinping

Reuters

Russians tighten noose on Ukraine's Bakhmut, Putin warns of Western espionage

Russian forces on Tuesday pressed forward their weeks-long drive to encircle and capture the eastern Ukrainian city of Bakhmut, where the Ukrainian military described the attacks as constant.

The Guardian - AU

Russia-Ukraine war at a glance: what we know on day 370 of the invasion

Russian forces attempt to close ring around Bakhmut; Russia refusing to compromise on annexed Ukrainian territories

WEKU

Janet Yellen visits Ukraine and pledges even more U.S. economic aid

Treasury Secretary Janet Yellen made a surprise visit to Ukraine and announced $1.25 billion in economic aid as the country's war with Russia goes into its second year.

The Independent UK

Yellen visits Ukraine, underscores US economic support

U.S. Treasury Secretary Janet Yellen says her first visit to Ukraine underscores Washington's commitment to continuing its economic support for the country

Tribune News Service

Yellen makes surprise visit to Ukraine to reinforce US support

U.S. Treasury Secretary Janet Yellen made an unannounced trip to Ukraine to reinforce the Biden administration’s support and highlight the economic aid that’s helping keep the embattled nation’s schools, hospitals and other essential services running as Russia’s invasion enters its second year.

Axios

Yellen makes surprise visit to Ukraine to reinforce U.S. support

Yellen is the latest high-profile Biden administration official to visit Kyiv.

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