Tue. Nov 5th, 2024
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Treasury Secretary Janet Yellen plans to tell financial regulators gathered in Washington this week that the U.S. banking system is on solid ground despite a string of failures that rattled global markets, a department official said Monday.

The banking turmoil is just one of several big priorities that Treasury outlined in Yellen’s agenda for the IMF-World Bank spring meetings, which begin Monday.

Yellen will hold a press conference at 11:30 a.m., Tuesday, amid meetings with world leaders related to bolstering the global economy, revamping the World Bank and similar institutions, pushing for World Bank nominee Ajay Banga, rallying allies on Russia sanctions and tackling the indebtedness of developing countries.

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