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Janet Yellen Says Banking System Is Healthy After SVB Collapse
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WASHINGTON—Treasury Secretary Janet Yellen told lawmakers that the U.S. banking system remained in good health after the collapse of two midsize banks, saying that bank regulators’ depositor-rescue plan had stemmed fallout from the panic.
Ms. Yellen appeared Thursday before the Senate Finance Committee to take lawmakers’ questions about the steps the federal government took over the weekend to guarantee all deposits at Silicon Valley Bank and Signature Bank. She was also expected to discuss President Biden’s $6.9 trillion budget proposal.
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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