The Latest Breaking News from Janet Yellen

Bank runs, bailouts, rescues: are the ghosts of 2008 rising again?

The travails of Credit Suisse and others have stirred up bad memories for a public still scarred by the financial crisis

The Guardian - UK · Mar 18, 2023

As in 2008, JPMorgan chief plays key role in bank rescue

NEW YORK: Consulted by policymakers and able to nudge his peers into action, JPMorgan Chase CEO Jamie Dimon played a key role in a bank rescue effort this week -- a situation sparking reminders of 2008.

Bangkok Post · Mar 18, 2023

Credit Suisse shares continue to fall despite efforts to calm nerves

Lifelines handed to Swiss bank and US regional bank First Republic fail to ease investor concerns

The Guardian - UK · Mar 17, 2023

Elizabeth Warren says Republicans handed Fed chairman ‘flamethrower that he aimed at the banking rules’

The Massachusetts Democrat blames a 2018 law that Donald Trump signed weakening financial regulations

The Independent UK · Mar 16, 2023

Biggest US banks weigh rescuing First Republic as its shares tumble – report

Citigroup, Goldman Sachs, JP Morgan and Wells Fargo are among the banks discussing a lifeline for the San Francisco-based lender

The Guardian - US · Mar 16, 2023

Yellen seeks to reassure US legislators after bank collapse

Treasury chief tells lawmakers customers ‘can feel confident that their deposits will be there when they need them’.

Al Jazeera · Mar 16, 2023

Janet Yellen: US banking system is ‘sound’ despite two collapses in a week

Treasury secretary attempts to reassure nervous investors that emergency measure succeeded and bank deposits ‘will be there’

The Guardian - US · Mar 16, 2023

Janet Yellen says ‘serious risk of contagion’ prompted intervention in banking crisis – as it happened

Senate finance committee holds hearing on bank’s collapse and the role relaxing banking regulations had in the crisis

The Guardian - US · Mar 16, 2023

Janet Yellen says US banking system ‘remains sound’ and Americans should be ‘confident’

Treasury Secretary appears before the Senate Finance Committee a week after the second-largest bank collapse in the nation’s history

The Independent UK · Mar 16, 2023

Yellen tells Congress that U.S. banking system is "sound"

"Americans can feel confident that their deposits will be there when they need them," she said.

Axios · Mar 16, 2023