Search For "banking failure"
US may default on debt as soon as June 1, Treasury Secy Yellen reaffirms
Updated : 3 years ago IST
"With additional information now available, I am writing to note that we still estimate that Treasury will likely no longer be able to satisfy all of the government's obligations if Congress has not acted to raise or suspend the debt limit by early June, and potentially as early as June 1
Read More
President Biden says American banking system remains safe following collap
Updated : 3 years, 2 months ago IST
"Small businesses across the country that had accounts at Silicon Valley Bank and Signature Bank can breathe easier knowing they'll be able to pay their workers. It won't cost taxpayers a dime. This is paid for with the fees that banks pay into Deposit Insurance Fund," said Biden.
Read More
US Treasury Secretary Yellen rules out bailout for bankrupt Silicon Valley
Updated : 3 years, 2 months ago IST
"And the reforms that have been put in place mean that we're not going to do that again. But we are concerned about depositors and are focused on trying to meet their needs," she added.
Read More
Major Australian banks report incidents of online banking failures
Updated : 4 years, 11 months ago IST
Canberra [Australia], June 17 (ANI/Sputnik): Several Australian major banks on Thursday reported operation issues in online applications, and the reason behind the matter is being determined.
Read More