The US banking sector is "stabilizing" after recent worries over the state of US banks and some high profile collapses rattled the industry. The upbeat assessment comes from US Treasury Secretary Janet Yellen, speaking at a bankers' meeting on Tuesday. Saying the steps taken to protect deposits had shown the US banking system was safe, and had strengthened public confidence. She also said authorities were ready to take similar actions to protect smaller institutions if they suffered runs on deposits.
We speak with our financial correspondent in New York, James Sweeney.
#bankingsector #creditsuisse #bankingcrisis
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