Yellen says government will help SVB depositors but rules out bailout
Treasury secretary says policies being formulated to stem fallout of tech lender’s collapse
https://www.ft.com/content/6a77d81b-7376-4ccf-80a2-3336af04d04b
ALSO
FEDERAL RESERVE TO HOLD EXPEDITED CLOSED BOARD MEETING ON MARCH 13, 2023 AT 11:30 AM EST
(gives it a couple of hours to see how far the stock market crashes on Monday morning??)
ALSO
Silicon Valley Bank CEO Delivers A Message To His Employees After The Bank Collapsed
https://twitter.com/i/status/1634890089896775681
ALSO
The CEO of Silicon Valley Bank sold $3.57m of stock in a pre-planned, automated sell-off two weeks before it collapsed – and the CFO ditched $575,000 the same day.