JUST IN: Treasury Secretary Janet Yellen plans to say during a speech on Tuesday that “the situation is stabilizing and the U.S. banking system remains sound.”
March 21, 2023, 7:00 AMTreasury Secretary Janet Yellen takes questions on the Biden administration's plans, following the collapse of three U.S. lenders, on Capitol Hill in Washington, March 16, 2023.Treasury Secretary Janet Yellen plans to say during a speech on Tuesday that “the situation is stabilizing and the U.S. banking system remains sound,” according to excerpts of her prepared remarks provided by the Treasury Department.
“The Fed facility and discount window lending are working as intended to provide liquidity to the banking system,” she plans to say during a speech at the American Bankers Association’s summit in Washington. “Aggregate deposit outflows from regional banks have stabilized.” Treasury Secretary Janet Yellen takes questions on the Biden administration's plans, following the collapse of three U.S. lenders, on Capitol Hill in Washington, March 16, 2023.“Large banks play an important role in our economy, but so do small- and mid-sized banks,” she plans to say. “These banks are heavily engaged in traditional banking services that provide vital credit and financial support to families and small businesses.
“Treasury is committed to ensuring the ongoing health and competitiveness of our vibrant community and regional banking institutions,” she’ll say.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Signature Bank taken over by Michigan-based Flagstar Bank after failureTreasury Secretary Janet Yellen has said the banking system 'remains sound' despite the recent bank failures.
Weiterlesen »
Yellen says U.S. banks ‘stabilizing’ after emergency actions by Treasury, regulatorsTreasury Secretary Janet Yellen says the U.S. banking system is “stabilizing” after the failure of two banks and the rescue of a third institution led to concerns of a broader crisis in the industry.
Weiterlesen »
Gov. Hobbs, DHS Secretary Mayorkas to visit Tucson, southern border TuesdayHobbs and Mayorkas are also slated to meet with humanitarian workers from Casa Alitas, a Tucson shelter that has been tapped for resources recently, providing housing and supplies to legal asylum seekers in Southern Arizona.
Weiterlesen »
White House says talks in the works for Secretaries Yellen, Raimondo to visit China, discuss economic issuesA potential visit by Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo is in the works, National Security Council Spokesman John Kirby revealed Monday.
Weiterlesen »
First Republic Bank Looms Large for U.S. Regulators After Credit Suisse SaleAfter UBS agreed to purchase Credit Suisse, Treasury Secretary Janet Yellen and Fed Chair Jerome Powell sought to reassure investors in the U.S. where First Republic Bank has become U.S. officials’ main concern
Weiterlesen »
US and European policymakers issue statement following UBS-Credit Suisse dealIn a joint statement on Sunday, US Federal Reserve Chair Powell and Treasury Secretary Yellen said that “the US banking system's capital and liquidity
Weiterlesen »