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The Independent UK
The Independent UK
National
Fatima Hussein and Josh Boak

Yellen seeking more regulation in aftermath of bank collapse

Copyright 2023 The Associated Press. All rights reserved

Weeks after the failure of two banks, Treasury Secretary Janet Yellen planned to call Thursday for tighter financial regulations.

The public push is part of a larger effort by the Biden administration to safeguard the U.S. economy and ensure that individual bank failures can be contained without triggering a chain reaction across the wider financial system.

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