Exclusive: Yellen warns incoming Trump team against interfering with bank supervision

Business and Finance Business and Finance

Sat, December 14, 2024

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[ Sat, Dec 14th 2024 ] - The Boston Globe

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Georgia lawmakers want limits on trans girls' participation in women's high school, college sports

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Rodney Jenkins, Star of the Show-Jumping Circuit, Dies at 80

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Former military counterintelligence chief arrested over martial law

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McConnell defends polio vaccine after report that RFK Jr. adviser sought to revoke approval

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Maryland makes it easier to determine benefits eligibility with web portal

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Mamelodi Sundowns vs Raja Casablanca: Preview, h2h, lineups, time, where to watch

[ Sat, Dec 14th 2024 ] - Daily Express

Royal Family RECAP:Humiliation for Prince Harry and Meghan Markle after 'bargain bin' joke

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Map Shows Which States Will Help Donald Trump With Mass Deportation Plan

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PM Modi prays at Akshayavat, reviews corridor development ahead of Mahakumbh 2025

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It's Time For a National Conversation About Left-Wing Violence

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Donald Bitzer, a pioneer of cyberspace and plasma screens, dies at 90

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50 Cent Brutally Mocks Jay-Z With AI Video of Him And Diddy Heading to Jail Amid Rape Lawsuit

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[ Sat, Dec 14th 2024 ] - USA Today

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Invest $15,000 in This Dividend Stock, Create $5,710.08 in Passive Income

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[ Fri, Dec 13th 2024 ] - Reuters

Exclusive: Yellen warns incoming Trump team against interfering with bank supervision

^{Published on 2024-12-13 20:00:46 - Reuters}

U.S. Treasury Secretary Janet Yellen on Friday urged the incoming Trump administration to refrain from interfering with what she called critically important appropriate regulation of American banks' capital levels,

U.S. Treasury Secretary Janet Yellen has issued a warning to the incoming Trump administration against interfering with the independence of bank regulators, emphasizing the importance of maintaining robust regulatory frameworks to ensure financial stability. In her remarks, Yellen highlighted the potential risks of political interference in bank supervision, which could undermine the effectiveness of regulatory bodies like the Federal Reserve, the Office of the Comptroller of the Currency, and the FDIC. She stressed that any attempts to weaken these institutions could lead to financial instability, referencing past financial crises where regulatory oversight was lacking. Yellen's comments come at a time when there is speculation about potential deregulation under a new administration, urging continuity in the approach to financial regulation to safeguard the economy.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/yellen-warns-incoming-trump-team-against-interfering-with-bank-supervision-2024-12-13/ ]

N@N

Exclusive: Yellen warns incoming Trump team against interfering with bank supervision