WASHINGTON - The United States banking sector is "stabilizing" after the recent failures of Silicon Valley Bank and Signature Bank rattled the industry, Treasury Secretary Janet Yellen told a lenders' conference Tuesday, as leaders seek to calm global worries.
Stock markets extended gains with US and European indices closing higher as fears of a financial crisis eased, after the US Federal Reserve and other major central banks kicked off a coordinated effort this week to boost lenders' access to liquidity.
