3/23, 8:26 PM (Source: TeleTrader)
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Yellen: US ready to take more action on deposits if needed

United States Treasury Secretary Janet Yellen said on Thursday that the country's authorities "would be prepared to take additional actions" to protect depositors at American banks "if warranted."

"We have used important tools to act quickly to prevent contagion. And they are tools we could use again," she told the House of Representatives Appropriations Subcommittee on Financial Service and General Government.

Notably, Yellen slightly changed the speech she gave before US senators yesterday as some of her remarks resulted in more volatility across markets.

Baha Breaking News (BBN) / MS