Janet Yellen changed the mood – again

Janet Yellen changed the mood – again

US Treasury Secretary Janet Yellen testifies before a subcommittee on March 23, 2023 in Washington, DC. Alex Wang | Getty Images News | Getty Images This report comes from today’s CNBC Daily Open, our new international markets newscast. CNBC Daily Open updates investors on everything they need to know, wherever they are. Like what you … Read more

Asian markets mostly down as investors weigh in on Yellen’s banking remarks

6 hours ago Treasury Secretary Yellen says emergency actions to support banks could be used again if needed Treasury Secretary Janet Yellen said Thursday that federal emergency measures used to support customers of Silicon Valley Bank and Signature Bank could be used again if needed. “We used important tools to act quickly to prevent contagion. … Read more

Asian markets mostly down as investors weigh in on Yellen’s banking remarks

Treasury Secretary Yellen says emergency actions to support banks could be used again if needed Treasury Secretary Janet Yellen said Thursday that federal emergency measures used to support customers of Silicon Valley Bank and Signature Bank could be used again if needed. “We used important tools to act quickly to prevent contagion. And these are … Read more

Jerome Powell flipped the script

Federal Reserve Board Chairman Jerome Powell holds a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve on March 22, 2023 in Washington, DC. Alex Wang | Getty Images News | Getty Images This report comes from today’s CNBC Daily Open, our new international markets newscast. CNBC Daily Open … Read more

Yellen’s comments rattled the market, not the Fed’s rate hike

CNBC’s Jim Cramer said on Wednesday the market was distracted by Janet Yellen’s remarks about bank failures rather than focusing on the stability reflected in the Fed’s rate hike. During Fed Chairman Jerome Powell’s press conference, the market fell before falling in response to Yellen’s comments, according to Cramer. CNBC’s Jim Cramer said the Federal … Read more

Bill Ackman says US did the right thing in protecting SVB depositors

Billionaire investor Bill Ackman said the US government’s intervention to protect depositors after the Silicon Valley Bank implosion is “not a bailout” and is helping to restore confidence in the banking system. In a tweet, the Pershing Square CEO said Monday’s SVB fallout indicated the government had done the “right thing”. But not all Wall … Read more

Yellen rules out bailout of Silicon Valley Bank: ‘We’re not going to do it again’

Washington— Treasury Secretary Janet Yellen said Sunday that the federal government would not provide a bailout for Bank of Silicon Valleyinvestors after the bank was closed abruptlybut said financial regulators are “concerned” about the impact on depositors and are working to meet their needs. “During the financial crisis, there were investors and owners of large … Read more

No ‘appetite’: Lawmakers agree to oppose potential Silicon Valley Bank bailout

In a rare show of consensus, congressional lawmakers from both parties said Sunday they would oppose any potential bailout option for Silicon Valley Bank, which collapsed on Friday in the biggest bank failure since the 2008 financial crisis. Treasury Secretary Janet Yellen ruled out a bailout possibility for the bank’s owners and investors, and members … Read more