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Treasury Secretary Yellen says U.S. will intervene if needed to protect smaller banks

Por: Los Angeles Times Business March 22, 2023

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Treasury Secretary Janet L. Yellen said on Tuesday the U.S. government could repeat the drastic actions it took recently to protect bank depositors if smaller lenders are threatened. “Our intervention was necessary to protect the broader U.S. banking system, and similar actions could be warranted if smaller institutions suffer deposit runs that pose the risk of contagion,” Yellen said in remarks to an American Bankers Assn. conference in... + full article



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