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Yellen seeks to reassure US legislators after bank collapse

Yellen seeks to reassure US legislators after bank collapse

Treasury chief tells lawmakers that customers ‘can feel confident that their deposits will be there when they need them’.

United States Treasury Secretary Janet Yellen has sought to reassure legislators – and US citizens – that the country’s banking system remains “sound” in the wake of the second largest bank collapse in its history.

Yellen on Thursday became the first official from President Joe Biden’s administration to face legislators over the decision to protect…


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