Janet Yellen indicates that the US Treasury is monitoring several banks after the fall of SVB

(Boursier.com) — Janet Yellen, US Secretary of the Treasury, said today that the US administration was monitoring “a few banks”, following the problems encountered by SVB-Financial (Silicon Valley Bank). It’s hard to say if these comments are positive, since they also signal a risk of contagion, for those who doubted it. “When banks experience financial losses, that is and should be cause for concern,” Yellen added, quoted by a New York Times reporter. On a more positive note, this time quoted by Business Insider, Yellen also says there is a chance the US economy will avoid recession as inflation slows.