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Yellen says US banking system sound despite turmoil
Yellen says US banking system sound despite turmoil
Business and Economy
by  AFP

The US banking system remains sound despite market anxiety over the collapse of Silicon Valley Bank (SVB) and Signature Bank, Treasury Secretary Janet Yellen told members of Congress on Thursday. There will be a careful look at what happened in the bank, and what initiated this problem," Yellen added.

From acclaim to blame: Lebanon's bank chief Riad Salameh
From acclaim to blame: Lebanon's bank chief Riad Salameh
Business and Economy
by  AFP

Lebanon's central bank chief Riad Salameh, once lauded for reviving the economy, faces investigations into his personal wealth and is widely viewed as a key culprit in the country's dramatic economic crash. On Thursday, he appeared for the first time before European investigators probing his personal wealth and allegedly suspicious financial transfers abroad.