Treasury Sec. Janet Yellen
U.S. Treasury Secretary Janet Yellen at IMF headquarters in October 2022 in Washington, DC.
  • The banking crisis that flared up after SVB's collapse is "stabilizing," Treasury Secretary Janet Yellen said Tuesday. 
  • Yellen was set to deliver that assurance to the American Bankers Association. 
  • The government could take more action to support depositors to dampen contagion effects, she said. 

Treasury Secretary Janet Yellen said Tuesday the crisis of depositors leaving small and mid-sized US banks is "stabilizing," and should the problem worsen, the government could provide further support.