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The Independent UK
The Independent UK
National
Fatima Hussein

Bank failures and rescue test Yellen's decades of experience

Janet Yellen Hank Paulson Jamie Dimon Joe Biden NC SC Patrick McHenry FDIC Silicon Valley Bank Jerome Powell
Copyright 2023 The Associated Press. All rights reserved.

Working against the clock to stop a developing banking crisis, Treasury Secretary Janet Yellen had until sunset on Sunday, March 12, to come up with a plan to calm the U.S. economy.

She quickly turned to someone who had been through the fire before, and on a much larger scale: Hank Paulson.

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