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U.S. Could Move to Protect Deposits at Other Banks
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Treasury Secretary Janet Yellen is expected to tell a banking conference on 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 is set to deliver remarks to 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
Yellen Says Treasury Isn’t Considering Guaranteeing All Bank Deposits wsj.com /1 year ago
Yellen Says U.S. Could Move to Protect Deposits at Other Banks wsj.com /1 year ago
Watch Treasury Secretary Janet Yellen speak live to banking conference cnbc.com /1 year ago
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