Yellen says US bank sector stabilising after recent turmoil

Home page World
12 Punto 14 Punto 16 Punto 18 Punto

The US banking sector is “stabilising” after the collapse of Silicon Valley Bank sparked fears of a potential global financial crisis, Treasury Secretary Janet Yellen has said.

Axar.az reports the failures of SVB and Signature Bank had profound impacts in the US, leading to other regional bank shares experiencing massive slumps.

“The situation is stabilising and the US banking system remains sound,” Ms Yellen said in remarks at an American Bankers Association summit in Washington.

Ms Yellen said she and federal regulators used emergency measures to protect depositors at those banks and stem any contagion that may have resulted from SVB and Signature's collapse.

2023.03.22 / 12:18
See also

Iran's embassy in Saudi Arabia was opened after 7 years

UN will hold meeting regarding the destruction of Kakhovka

We knew in advance that Kakhovka HPP would be blown up

Blinken to leave for China soon

The positions of our army were fired upon

Kalın started to perform his duties as the head of NIO

A dam collapse is the same as a nuclear strike

The chief doctor was murdered in the city of Azerbaijan

Barbarossa-2 plan: the attack started yesterday - Volodin

The USA confirmed: Ukraine has launched an attack!

Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla