US Treasury Secretary Janet Yellen said the measures taken by US authorities in response to the bankruptcy of Silicon Valley Bank (SVB) “stabilized” the outflow of funds from the banking system. She talked about this in an interview with the TV channel. CNN.
According to him, the department continues to monitor closely what is going on, and the ministry’s efforts have generally calmed the situation.
The United States Federal Reserve System (FRS), which previously performed the functions of the nation’s central bank, thinksThe effects of the banking crisis are likely to lead to a recession in 2023.
Nouriel Roubini, a professor of economics at New York University who predicted the 2008 crisis before that, said the US banking system was facing a serious challenge and was heading towards collapse.
Also, US President Joe Biden’s administration will require the US Federal Reserve System (FRS) to tighten regulations for midsize banks whose assets have grown from $100 billion to $250 billion.
In the first half of March, the press service of the Federal Deposit Insurance Corporation (FDIC) announced the bankruptcy of Silicon Valley Bank, an American investment that ranks 16th in assets in the United States. SVB has become the largest US bank to go bankrupt in the past 15 years.