Regulation
Treasury Chief Yellen on calming bank crisis & importance of local banks
March 21, 2023
Large banks play an important role in our economy, but so do small- and mid-sized banks. They increase competition in banking, and often have specialized knowledge and expertise in the communities they invest in.
UBS buying Credit Suisse for $3.25b with Swiss help ‘is no bailout’
March 19, 2023
This is no bailout. This is a commercial solution. [Credit Suisse] bankruptcy would have had huge collateral damage on the Swiss financial market and with a risk of contagion internationally. The US and UK were very grateful for this solution.
March 18, 2023