Awake-in-3D: Regional Banks in Peril as Yellen Redirects Focus Elsewhere

Regional Banks in Peril: Yellen Redirects Focus Elsewhere On February 8, 2024 By Awake-In-3D A storm brews as US Treasury Secretary Janet Yellen turns her attention towards nonbank mortgage lenders. In a recent statement, Yellen signaled an alarming oversight. She downplayed the escalating stress on US regional banks, redirecting focus to potential risks in nonbank mortgage lenders. Yellen’s Oversight: A Closer Look During a Senate Banking Committee meeting, Yellen emphasized risks posed by nonbank mortgage lenders. These entities, unlike traditional banks, lack access to stable deposit-based funding. Instead, they rely on less stable, short-term financing methods. But Yellen’s spotlight on…