US banking system 'well-capitalized' despite risks: Yellen

Washington (AFP) Feb 8, 2024

US Treasury Secretary Janet Yellen said Thursday that the country's banking system is "well-capitalized" even as some banks face stresses stemming from the commercial real estate sector. Yellen made the comments to a congressional hearing where she added that regulators are monitoring risks from nonbank mortgage lenders and authorities plan to tighten oversight on investment advisers. Ea