Wednesday, April 12, 2023

Brainard: US banking system is 'sound' and 'stable'

The broader US banking system remains sound and stable, but the two regional banks that failed were "poorly managed" and "took unacceptable risks," White House economic adviser Lael Brainard told CNN's Poppy Harlow in an interview Wednesday at Semafor's World Economy Summit in Washington, DC.

from CNN.com - RSS Channel https://ift.tt/hiUkYE2

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