The U.S. administration stepped in on Sunday with a series of emergency measures to shore up confidence in the banking system after the failure of Silicon Valley Bank threatened to trigger a broader systemic crisis.

NEW YORK (Reuters) -U.S. authorities were preparing "material action" on Sunday to shore up deposits in Silicon Valley Bank (SVB) and stem any broader financial fallout from its sudden collapse, sources familiar with the matter told Reuters.

U.S. officials stepped in to stem financial fallout from the failure of tech startup-focused Silicon Valley Bank, saying that all customers will have access to their deposits starting on Monday.

NEW YORK (Reuters) -U.S. authorities were preparing "material action" on Sunday to shore up deposits in Silicon Valley Bank and stem any broader fallout from its collapse, sources familiar with the matter told Reuters.

WASHINGTON (Reuters) -Silicon Valley Bank customers will have access to their deposits starting on Monday, U.S. officials said on Sunday, as the federal government announced actions to shore up deposits and stem any broader financial fallout from the collapse of the tech startup-focused lender.

NEW YORK (Reuters) -U.S. Treasury Secretary Janet Yellen said she was working with regulators to respond to the collapse of Silicon Valley Bank but ruled out a bailout, as fears of a broader fallout across the banking sector deepened.