House Speaker is joining a slew of other lawmakers hoping that a buyer saves the day for Silicon Valley Bank (SVB) as the U.S. government says it will not come through with a bailout.Industry experts warn that the government only has until Monday to prevent 'a domino effect' among other regional banks and the wider markets after the country's 16th largest bank collapsed on Friday following a 60 percent drop in shares.The collapse sparked a run on the bank as panicked customers withdrew their cash – and the bank saw $42 billion in withdrawals in a single day on Thursday.
Load More
Load More