Yellen pledges support for depositors amid bank crisis concerns.
TL;DR
US Treasury Secretary Janet Yellen is expected to signal further support for deposits at smaller banks, as part of efforts to promote financial stability and reduce the concentration of deposits at larger banks. This move is aimed at ensuring that smaller banks have access to funding and can continue to lend to small businesses and households.
- Janet Yellen to signal further US support for deposits at smaller banks Financial Times
- Treasury Secretary Yellen says the government could backstop more deposits if necessary to stop contagion CNBC
- Janet Yellen is selling bank crisis short as execs fear dozens more teeter on brink New York Post
- Kimberley Strassel says interest rates are to blame for the current bank panic Wall Street Journal Opinion
- Yellen: Our actions show resolute commitment to ensure depositors' savings ForexLive
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