Treasury Secretary Janet Yellen said more banks will probably seek to merge this year as higher interest rates and recent banking turmoil are making it more expensive for them to hang onto depositors
Treasury secretary says she doesn’t see ‘huge threat,’ but comments show regulators bracing for turbulenceThe Federal Deposit Insurance Corporation is doing what it was designed to do when banks like Silicon Valley and Signature Banks go under: cover insured deposits.
Here’s how the FDIC works and why it was created. Photo illustration: Madeline Marshallsaid more banks would probably seek to merge this year as higher interest rates and recent banking turmoil are making it more expensive for them to hang on to depositors.Continue reading your article with
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