Yellen tells senators US banking system 'remains sound'

Yellen tells Congress US banking system ‘remains sound’

The Justice Department and the Securities and Exchange Commission have since launched investigations into the Silicon Valley Bank collapse.

Treasury secretary says US banking system ‘remains sound’

Washington, Mar 16 (EFE).- Treasury Secretary Janet Yellen said Thursday that the United States’ banking system “remains sound” and that Americans can rest assured that their deposits will be there when needed. In Yellen’s appearance before the Senate Finance Committee, initially scheduled for her to answer questions about the government’s new budget proposal, she defended the “decisive” steps the government took to contain the fallout from the …

Yellen tells Congress US banking system ‘remains sound’

Treasury Secretary Janet Yellen will be the first Biden administration official to face lawmakers over the decision to protect uninsured money at two failed regional banks, a move some observers call a bank “bailout.”

Yellen tells Congress U.S. banking system 'remains sound'

WASHINGTON — A week after the second-largest bank collapse in U.S. history, Treasury Secretary Janet Yellen told the Senate Finance Committee on Thursday that the nation’s banking system “remains sound” and Americans “can feel confident” about their deposits. Her remarks, coming against the backdrop of deepening concerns about the health

Yellen tells Congress banking system 'remains sound'

A week after the second-largest bank collapse in U.S. history, Treasury Secretary Janet Yellen told the Senate Finance Committee on Thursday that the nation’s banking system “remains sound” and Americans “can feel confident” about their deposits. Her remarks, coming against the backdrop of deepening concerns about the health of the global financial system, were an […]

Treasury Secretary Janet Yellen tells Congress that US banking system ‘remains sound’

Treasury Secretary Janet Yellen is telling Congress and the nation that the U.S. banking system remains sound.