Janet Yellen will pledge to protect depositors at smaller US banks - short news
US officials step in to guarantee deposits after smaller US banks have been pummeled by a wave of withdrawals, triggering crisis
Treasury secretary Janet Yellen will pledge to protect depositors at smaller US banks on Tuesday after panicked customers pulled billions in funds, triggering a banking crisis.
US officials have stepped in to guarantee the deposits of two banks that collapsed earlier this month and Yellen will make clear that they will step in again if the crisis..
source: The Guardian - 21.03.2023