© 2025 NPR Illinois
The Capital's Community & News Service since 1975
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Thanks for donating to go past the Spring Drive goal.

You can do even more by signing up for
ProtectMyPublicMedia.org. Calls make a difference.

Bank update: Yellen before Senate, possible rescue of First Republic Bank

Days after the government intervened in two bank failures, Treasury Secretary Janet Yellen told the Senate Finance Committee that the banking system is sound.

But as she was testifying, the Wall Street Journal and Bloomberg News reported that America’s biggest banks are mulling a rescue of First Republic Bank.

Here & Now‘s Scott Tong speaks with Jeanne Whalen, global business reporter for the The Washington Post about First Republic and other banking news of the day.

This article was originally published on WBUR.org.

Copyright 2023 NPR. To see more, visit https://www.npr.org.