The U.S. banking system “stays sound” and Individuals can really feel “assured” about their deposits without having to panic over latest occasions, Treasury Secretary Janet Yellen is about to inform the Senate Finance Committee on Thursday.

Her testimony will come every week after the second-largest financial institution collapse in U.S. historical past.

AP studies Yellen would be the first Biden administration official to face lawmakers over the choice to guard uninsured cash at two failed regional banks, a transfer…

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