Treasury Secretary Janet Yellen said Friday she’s tracking Silicon Valley Bank’s problems as it deals with big losses. “You mentioned Silicon Valley Bank. There are recent developments that concern a few banks that I’m monitoring very carefully, and when banks experience financial losses, it is and it should be a matter of concern,” she said, while testifying before the House Ways and Means Committee. The stock of Silicon Valley Bank parent company SVB Financial Group [s: SIVB] has been plunging after the company disclosed large losses from securities sales and a stock offering meant to provide a boost to its balance sheet.
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