The US Treasury Secretary says our banking system is not threatened by any danger.
The US Treasury Secretary states that the country’s banking system is stable and not threatened by any danger.
Janet Yellen is under pressure to present plans to prevent the economic consequences of the bankruptcy of a major Silicon Valley bank, which is the largest banking bankruptcy in the US in the past fifteen years.
Ms. Yellen told CNBC that she has been working on a government program during the weekend holidays and is under pressure to announce this program before the reopening of financial markets on Monday morning.
After regulators shut down Silicon Valley Bank, bank stocks around the world experienced a significant drop on Friday before the market closed.
