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Yellen Says Bank System Is Sound Despite U.S. Crises
Treasury Secretary Janet Yellen told lawmakers that the U S banking system remains sound and deposits are safe while new rescue efforts rolled out for Silicon Valley Bank Signature Bank and First Republic Bank Investors and depositors faced a global swirl of shocks as Credit Suisse sought Swiss central bank aid and Wall Street rallied on rescue news Regulators warned against panic and lawmakers pressed for accountability in the banking sector
MENTIONED IN THIS ARTICLE
Washington
Treasury
Janet Yellen
Yellen
U.S
Silicon Valley Bank
California
Signature Bank
New York
First Republic Bank
Europe
Credit Suisse
Switzerland
Wall Street
Joe Biden
Congress
Federal Reserve
Mike Crapo
Idaho
Biden
Silicon Valley
Signature
Santa Clara
Tim Scott
R-S.c
Mark Warner
D-Va
Ron Wyden
D-Ore
United States
Crapo
CBS
San Francisco Federal Reserve
Sherrod Brown
Ohio
East Palestine
Russ Mould
AJ Bell
European Central Bank
ECB
Christine Lagarde
Luis de Guindos
European Union
Zurich
UBS