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Yellen says bank situation stabilizing, different from 2008

Por: WPLG Local 10 Politics March 21, 2023

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WASHINGTON – Treasury Secretary projected calm on Tuesday after recent regional bank collapses but told a gathering of bankers that additional rescue arrangements “could be warranted” if any new failures at smaller institutions jeopardize financial stability.Yellen, who made her remarks at the American Bankers Association, said that overall “the situation is stabilizing.And the U.S. banking system remains sound,” Yellen said, drawing... + full article



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