Economic news
Yellen told bank CEOs more mergers may be necessary -CNN
2023.05.19 12:20
© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen testifies during a U.S. House Committee on Financial Services hearing on the Annual Report of the Financial Stability Oversight Council, on Capitol Hill in Washington, DC, U.S. May 12, 2022. Saul Loeb/Pool
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen told bank CEOs on Thursday that more bank mergers may be necessary after a series of bank failures, CNN reported on Friday, citing two people familiar with the matter.
