Rescue Led News Today

>> we begin with a wide-ranging attempt to restore americans confidence in the u.s. economy, after weeks of troubling financial indicators. treasury secretary janet yellen spoke under oath today to answer questions about the controversial actions she and the federal government took to rescue silicon valley bank. >> our banking system is sound and that americans can feel confident that their deposits will be there when they need them. this weeks actions demonstrate our resolute commit t...

Could be announced as soon as today. clearly, this would be a very significant development, as u.s. officials and now the industry, they try the restore confidence. everyone is waiting for the next shoe to drop here. and everyone is kind of wondering what other banks fit the profile of silicon valley bank. namely, a lot of uninsured deposits. like first republic fits that description. thats why its stock has been plunging in recent days. but now if you have a rescue led by the biggest banks, inc...