*YELLEN SAYS U.S. BANKS MAY TIGHTEN LENDING AND NEGATE NEED FOR MORE RATE HIKES
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US banks likely to pull back credit, Yellen tells CNNU.S. Treasury Secretary Janet Yellen said banks are likely to tighten lending further in the wake of recent bank failures, possibly negating the need for further Federal Reserve rate hikes, according to a CNN interview transcript released on Saturday.
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Wall St dips to lower close as rate hike bets firm, banks jump By Reuters*U.S. STOCKS END LOWER ON FRIDAY AS SURGING RATE HIKE BETS OVERSHADOW UPBEAT BANK EARNINGS $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
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Yellen to CNN: Despite banking crisis, soft landing still possible | CNN BusinessLast month's upheaval within the banking sector hasn't pushed America off course from achieving a soft landing, US Treasury Secretary Janet Yellen told CNN's Fareed Zakaria in an exclusive interview Friday.
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World's 60 Largest Banks Have Dumped $5.5 Trillion Into Fossil Fuels Since Paris Accord'Fossil fuel companies are the ones dousing the planet in oil, gas, and coal, but big banks hold the matches,' said April Merleaux of RAN. 'Without financing, fossil fuels won't burn.'
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Breakingviews - For some US banks, it’s still a wonderful lifeEven after a string of financial failures that sent depositors running for the hills, it’s a good time to be a giant U.S. bank. Perhaps counterintuitively, it’s also a good time to be a small one. As for those who sit in the middle, it’s the worst of all worlds.
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Fed lending to banks still high, but eases in latest weekFederal Reserve lending to banks eased further in the latest week, signaling that while the absolute levels of emergency credit remain high, financial sector strains which started a month ago are continuing to ease.
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