NEW YORK, March 24 — US Treasury Secretary Janet Yellen sought to reassure jittery investors that American bank deposits were safe and promised policymakers had more firepower to...
NEW YORK, March 24 — US Treasury Secretary Janet Yellen sought to reassure jittery investors that American bank deposits were safe and promised policymakers had more firepower to battle any crisis even as bank stocks resumed their slide yesterday.
“As I have said, we have used important tools to act quickly to prevent contagion. And they are tools we could use again,” Yellen said in prepared remarks to the US House of Representatives Appropriations subcommittee hearing. US banking shares initially rose yesterday with traders citing the Fed’s hints that it could soon pause further increases in borrowing costs as a source of some relief, but later turned negative.
Truist Securities cut its price targets on regional banks including Zions and Comerica, warning of slower growth and higher credit costs.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump indictment decision pushed back as jury fails to meetNEW YORK, March 23 — The drama surrounding Donald Trump’s possible indictment over hush money paid to a porn star took a new twist Wednesday, after a New York grand jury failed...
Read more »
New York plays waiting game over expected Trump indictmentNEW YORK, March 22 — Barricades set up near Trump Tower, police on high alert, and throngs of journalists outside the prosecutor’s office: New York was waiting Tuesday for the...
Read more »
New York plays waiting game over expected Trump indictmentNEW YORK, March 22 — Barricades set up near Trump Tower, police on high alert, and throngs of journalists outside the prosecutor’s office: New York was waiting Tuesday for the...
Read more »
Cult leaders, hijackers, street fighters: new on Netflix until March 31A documentary on David Koresh kicks off fresh fare on the streamer until the end of the month – plus, Rob Lowe and son in a comedy, and the hit K-thriller ‘Kill Boksoon’.
Read more »
New York plays waiting game over expected Trump indictmentThe DA has put key witnesses in front of the panel in recent weeks and offered Trump the opportunity to testify, hinting that an indictment is close. theSun theSundaily TrumpArrest TrumpIndictments USA president
Read more »
Basketball-New York's iconic 'Captain' Reed dies at 80NEW YORK (Reuters) -Hall of Famer Willis Reed, the beloved former New York Knicks player who won two championships, has died at the age of 80, the National Basketball Retired Players Association said on Tuesday.
Read more »