Janet Yellen - Page 2

Yellen: More Bank Consolidation ‘Wouldn’t Surprise Me’

On Wednesday’s broadcast of CNBC’s “Squawk Box,” Treasury Secretary Janet Yellen stated that some banks are seeing earnings pressure and this provides incentive for bank consolidation, “and it wouldn’t surprise me to see some of that going forward.” Yellen said,

Janet Yellen

House Freedom Caucus Opposes Bank Bailouts

The House Freedom Caucus said in a statement on Monday that they oppose bailing out the banking industry for what should be considered a failure of regulators not to see the coming crisis.

Rep. Andy Biggs, R-Ariz., center, joined from left by Rep. Michael Cloud, R-Fla., Rep. Bob