Banking system sound after ‘decisive’ actions, Yellen tells lawmakers

By David Lawder and Doina Chiacu WASHINGTON (Reuters) -The U.S. banking system remains sound and Americans can feel confident that their deposits will be there when needed thanks to “decisive and forceful” actions taken after the inability of Silicon Valley Bank to fend off a run on deposits triggered its demise last week, Treasury Secretary Janet Yellen said Thursday. In remarks to the Senate Finance Committee, Yellen said emergency measures unveiled Sunday by Treasury and other U.S. financial regulators to shore up public confidence in the banking system after the collapse of California-base…

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