Banking System Is ‘Sound’ And Government Will Back Deposits
View Source | March 21, 2023 1:26 pm
- “As everyone in this room knows, the American economy relies on a healthy banking system that can provide for the credit needs of families and businesses,” Yellen said.
- “Let me be clear: the government’s recent actions have demonstrated our resolute commitment to take the necessary steps to ensure that depositors’ savings and the banking system remain safe.”
- Silicon Valley Bank provided services to half of venture-backed technology and health care firms in the United States.
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