Yellen Says US Bank Failure Very Different From 2008

Yellen US Secretary of the Treasury

During a gathering of bankers at the American Bankers Association, Treasury Secretary Janet Yellen addressed recent regional bank collapses, projecting calm but suggesting that additional rescue arrangements may be necessary if the failure of smaller institutions threatens financial stability. Yellen emphasized that despite recent events, the U.S. banking system remains sound, and overall, the situation … Read more