Yellen says U.S. banking situation is ‘stabilizing’ after recent regional failures

Yellen says U.S. banking situation is ‘stabilizing’ after recent regional failures

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Treasury Secretary Janet Yellen is trying project calm after regional bank failures, saying the U.S. banking system is “sound” but additional rescue arrangements “could be warranted” if any new failures at smaller institutions pose a risk to financial stability. Yellen, in an excerpt of remarks…

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