- U.S. Treasury says Silicon Valley Bank, Signature Bank 'not being bailed out'.
- U.S. banking regulators' new policies will 'wipe out' equity and bondholders in Silicon Valley Bank and Signature Bank, protect all customer deposits.
U.S. Treasury says Silicon Valley Bank, Signature Bank 'not being bailed out'
New policies adopted on Sunday by U.S. banking regulators will "wipe out" equity and bondholders in Silicon Valley Bank and Signature Bank of New York while protecting all customer deposits, a senior U.S. Treasury official said.
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