10 percent of banks have larger unrecognized losses than those at SVB.190 Banks at Risk

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When pressed by Sen. James Lankford, R-Okla., about whether deposit backstops will apply across the industry to smaller community banks, Yellen said no.

The dust is still settling following the collapse of Silicon Valley Bank, but there's one thing that's clear: more banks are probably going to fail.

A bipartisan majority of Americans oppose U.S. taxpayers footing the bill when bad management causes a bank to fail, a Reuters/Ipsos poll completed on Wednesday found.

The poll's results point to a potential political problem for Democrat President Joe Biden's administration should the signs of shakiness in the U.S. banking sector worsen and prompt more aggressive government action.

The two-day Reuters/Ipsos poll found 84% of respondents - including strong majorities of Republicans and Democrats - think taxpayers should not have to pay to resolve problems caused by irresponsible bank management.