The treasury secretary's statement clarified that "No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer. "Meanwhile, congresswoman Nancy Pelosi said there are multiple potential buyers for SVB, and "What we would hope to see by tomorrow morning is for some other bank to buy the bank ." The UK arm of the bank has already received a bid from the Bank of London From the treasury secretary's statement:

Source: CNN March 13, 2023 02:04 UTC