Yellen: U.S. banking system remains sound
Tweet
Share
E-mail
FILE PHOTO: U.S. Treasury Secretary Janet Yellen and Ukraine Prime Minister Denys Shmyhal speak to the press after holding a bilateral meeting at the U.S. Treasury Department Building in Washington, D.C., U.S. April 13, 2023. REUTERS/Ken Cedeno
WASHINGTON (Reuters) - The U.S. banking system remains sound and the U.S. government will take "any necessary steps" to keep it the strongest and safest financial system in the world, U.S. Treasury Secretary Janet Yellen said on Thursday.
Yellen said decisive U.S. actions taken after the failure of two regional banks had shored up the financial system.
"The U.S. banking system remains sound and we will take any necessary steps to ensure the United States continues to have the strongest and safest financial system in the world," Yellen said in a speech at the Johns Hopkins University's School of Advanced International Studies.
(Reporting by Andrea Shalal and David Lawder)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Intel, Amkor on AI optimism; eBay slips
- Meta’s new seller app hits eBay where it hurts most
- ECB tees up September rate hike as inflation risks loom
Create E-mail Alert Related Categories
General News, Politics, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
