Janet Yellen assures U.S. banking system is sound
Bloomberg · 3 years ago
Bloomberg
3 years ago
Treasury Secretary Janet Yellen says the US government is "resolutely committed" to mitigating financial-stability risks where necessary at the American Bankers Association conference in Washington. "That means potentially intervening if a smaller bank experiences the kinds of difficulties we've seen that pose the risk of contagion"
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Banking Crisis
Three U.S banks including the Silicon Valley Bank have failed and Credit Suisse has been taken over amid the biggest crisis since 2008.