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Global banking system is stable amid crisis, US treasury secretary says – BBC News

William Parker 1 year ago in Breaking News 21

US treasury secretary Janet Yellen offered reassurance that the banking system is stable in a speech to bankers in Washington.

Yellen said the US government is prepared to help more banks if needed, saying their recent actions have demonstrated their “commitment to ensuring the banking system remains safe”.

Fears were initially sparked when Swiss bank Credit Suisse was bought by rival UBS on Sunday.

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