TREASURY SECRETARY Janet Yellen speaks to the American Bankers Association Tuesday. Treasury Secretary Yellen says she's focused on stabilizing the U.S. banking system following regional bank failures in California and New York. / ASSOCIATED PRESS FILE PHOTO / MANUEL BALCE CENETA
WASHINGTON (AP) – Treasury Secretary Janet Yellen projected calm on Tuesday after recent regional bank collapses but told a gathering of bankers that additional rescue arrangements "could be warranted" if any new failures at smaller institutions jeopardize financial stability. Yellen, who made her remarks at the American Bankers Association, said that overall "the situation is…
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