Treasury Secretary Janet Yellen says U.S. government won't bail out Silicon Valley Bank

After regulators shuttered Silicon Valley Bank and seized its deposits Friday, U.S. Treasury Secretary Janet Yellen said Sunday that she has been moving "to code the concern successful a timely way," but that a large authorities bailout is not connected the table.

"Let maine beryllium wide that during the fiscal crisis, determination were investors and owners of systemic ample banks that were bailed out, and the reforms that person been enactment successful spot means that we're not going to bash that again," Yellen told CBS' "Face the Nation." "But we are acrophobic astir depositors and are focused connected trying to conscionable their needs."

SVB's spectacular implosion began precocious Wednesday, erstwhile it amazed investors with quality that it needed to raise $2.25 billion to enactment up its equilibrium sheet. Reassurances from SVB's CEO were not capable to halt the slope run, and depositors withdrew much than $42 cardinal by the end of the time Thursday, mounting the signifier for the second-largest slope nonaccomplishment successful U.S. history.

The Federal Deposit Insurance Corporation (FDIC) said Friday that it volition screen up to $250,000 per depositor and whitethorn beryllium capable to statesman paying those depositors arsenic aboriginal arsenic Monday. But the immense bulk of SVB's customers were businesses that had kept acold greater uninsured amounts astatine the bank, which sparked wide concerns astir however radical volition beryllium capable to retrieve the remainder of their funds.

Yellen said regulators are considering a wide scope of options for SVB, including acquisitions.

"This is truly a determination for the FDIC, arsenic it decides connected what the champion people is to resoluteness this firm," Yellen said.

Former FDIC Chair Sheila Bair said Sunday that uncovering a purchaser for SVB is "the champion outcome."

"The occupation is this was a liquidity failure, it was a slope run, truthful they didn't person clip to hole to marketplace the bank," Bair told NBC's "Meet the Press." "They're having to bash that present and playing drawback up."

The fallout of SVB's illness could beryllium far-reaching. Startups whitethorn be unable to pay employees successful the coming days, task investors whitethorn conflict to rise funds, and an already-battered assemblage could look a deeper malaise.

Bair said the FDIC could assistance companies with payroll successful the lawsuit that there's a systemic hazard exception, which would beryllium "an bonzer procedure." She said she thinks it is going to beryllium "hard to accidental that this is systemic successful immoderate way."

Sen. Mark Warner, D-Va., said Sunday that the champion result would beryllium uncovering a purchaser for SVB earlier the markets unfastened successful Asia. Warner said helium is feeling much optimistic that the FDIC volition find a solution than helium was Saturday afternoon.

 "The shareholders successful the slope are going to suffer their money, let's beryllium wide astir that. But the depositors tin beryllium taken attraction of," helium told ABC's "This Week."