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Malawi , Monday 01 June 2026

Treasury Secretary Yellen says not all uninsured deposits will be protected in future bank failures

Published on: Saturday 18 March 2023

Treasury Secretary Yellen says not all uninsured deposits will be protected in future bank failures Treasury Secretary Janet Yellen told senators that government refunds of uninsured deposits will not be extended to every bank that fails, only those that pose systemic risk to the financial system.


News source: https://www.cnbc.com/2023/03/16/svb-signature-bank-failures-yellen-says-us-banking-system-is-stable-and-deposits-remain-safe.html

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