Update: SVB Collapse Sparks Bank Runs:

On Saturday, just like the bank run scene from It’s a Wonderful Life, images and videos surfaced on social media of people lined up outside SVB branches and other SVB-exposed banks, trying to panic-withdraw as much money as they could.

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Via: AP:

Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money.

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“We’re not going to do that again,” she said. “But we are concerned about depositors, and we’re focused on trying to meet their needs.”

With Wall Street rattled, Yellen tried to reassure Americans that there will be no domino effect after the collapse of Silicon Valley Bank.