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Yellen Says U.S. Could Move to Protect Deposits at Other Banks
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Treasury Secretary Janet Yellen said Tuesday that the federal government could step in to protect depositors at additional banks if regulators see a risk of a run on the banking system.
Ms. Yellen delivered remarks at a gathering of the American Bankers Association in Washington as she and other federal officials try to shore up confidence in the U.S. banking sector after the collapse of Silicon Valley Bank and Signature Bank. Ms. Yellen and other federal regulators used emergency powers to guarantee uninsured deposits at SVB and Signature, while also setting up a new Federal Reserve lending program to allow banks to meet withdrawal requests.
Read more on wsj.comAbout this in other media
Watch Treasury Secretary Janet Yellen speak live to banking conference cnbc.com /1 year ago
Yellen to Say U.S. Could Move to Protect Deposits at Other Banks wsj.com /1 year ago
Yellen defends government intervention to avoid another SVB cointelegraph.com /1 year ago
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