- Powell and Yellen reassure depositors that their money is safe.
- Sell-off in bank shares follows, reflecting confusion among investors.
- Yellen rules out unilateral guarantee for all bank deposits.
- Continuing fears over the fate of uninsured deposits.
- Biden administration is tackling problems at individual banks on a case-by-case basis.
Jay Powell and Janet Yellen struggle to calm nerves in banking crisis
Policymakers have been criticised by some for not sending clear enough message after tumultuous two weeks
James Politi
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