Meanwhile, Treasury Secretary Janet Yellen is firmly reassuring Congress and the nation that the U.S. banking system remains sound.
failure in U.S. history, Secretary of the Treasury Janet Yellen shared a sustained sense of confidence.
Yellen said the problem at Silicon Valley Bank and Signature Bank didn’t undermine the confidence in the soundness of banks nationwide. "You could take from their participation that they were protecting themselves as much as they were helping each other out," Carl Gould, the President of 7 Stages Advisors, explained to FOX 5 New York."The resiliency of the banking system and the cooperation among the banks was evident in this move and I take it as a very positive and encouraging sign," Gould said.
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