Yellen tells senators US banking system 'remains sound'
Summary by RTÉ
The US banking system remains sound and Americans can feel confident that their deposits will be there when needed, US Treasury Secretary Janet Yellen will tell the Senate Finance Committee today.
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The Guardian
Janet Yellen: US banking system is ‘sound’ despite two collapses in a week
Treasury secretary attempts to reassure nervous investors that emergency measure succeeded and bank deposits ‘will be there’
US banking system sound but not all deposits guaranteed, Yellen says
The U.S. banking system remains sound and Americans can feel confident that their deposits are safe, Treasury Secretary Janet Yellen said on Thursday, but she denied that emergency actions after two large bank failures mean that a blanket government guarantee now existed for all deposits.
Yellen tells Congress US banking system 'remains sound'
Treasury Secretary Janet Yellen is telling Congress and the nation that the U.S. banking system remains sound. Yellen is the first Biden administration official to face lawmakers over the decision