
-
Niger junta frees ministers of overthrown government
-
Trump set to unleash 'Liberation Day' tariffs
-
Boeing chief to acknowledge 'serious missteps' at US Senate hearing
-
Real Madrid hold Real Sociedad in eight-goal thriller to reach Copa del Rey final
-
Nuno salutes 'special' Elanga after stunning strike fires Forest
-
PSG survive scare against Dunkerque to reach French Cup final
-
Sundowns edge Esperance as crowd violence mars quarter-final
-
Nottingham Forest beat Man Utd, Saka scores on Arsenal return
-
Elanga wonder-goal sinks Man Utd as Forest eye Champions League berth
-
Stock markets mostly advance ahead of Trump tariffs deadline
-
US movie theaters urge 45-day 'baseline' before films hit streaming
-
Saka scores on return as Arsenal beat Fulham
-
Third-division Bielefeld shock holders Leverkusen in German Cup
-
Ball-blasting 'Torpedo bats' making waves across MLB opening weekend
-
Newsmax shares surge more than 2,000% in days after IPO
-
Thousands of Hungarians protest against Pride ban law
-
GM leads first quarter US auto sales as tariffs loom
-
Tesla sales tumble in Europe in the first quarter
-
No 'eye for an eye' approach to US tariffs: Mexico
-
NFL club owners back dynamic kickoffs, delay tush push vote
-
Trump 'perfecting' new tariffs as nervous world braces
-
Trump nominee says to press UK on Israel arms
-
French court says Le Pen appeal ruling could come before presidential vote
-
The battle to control assets behind Bosnia crisis
-
Prabhsimran powers Punjab to IPL win over Lucknow
-
Mass layoffs targeting 10,000 jobs hit US health agencies
-
Tiger's April Foolishness: plan to play Masters just a joke
-
Myanmar quake toll passes 2,700, nation halts to honour victims
-
Turkish fans, artists urge Muse to cancel Istanbul gig
-
US seeks death penalty for accused killer of insurance CEO
-
UK govt moves to block sentencing guidelines for minority defendants
-
Trump puts world on edge as 'Liberation Day' tariffs loom
-
Swedish journalist jailed in Turkey kept 'isolated': employer
-
Stock markets advance ahead of Trump tariffs deadline
-
Gulf between Everton and Liverpool has never been bigger, says Moyes
-
Finland to withdraw from anti-personnel mine ban treaty
-
UK vows £20 million to boost drone and 'flying taxi' services
-
Ford's US auto sales dip in first quarter as tariffs loom
-
Digging for box office gold, 'A Minecraft Movie' hits cinemas
-
Southampton boss Juric desperate to avoid Premier League 'worst team' tag
-
Thailand rescue dogs double as emotional support
-
Five takeaways from Marine Le Pen verdict
-
Stock markets split ahead of Trump tariffs deadline
-
Turkish fans, artists urge Muse to cancel Istanbul gig over protest dispute
-
Former captain Edwards named new England women's cricket coach
-
Haaland ruled out for up to seven weeks: Man City boss Guardiola
-
UK Supreme Court opens car loans hearing as banks risk huge bill
-
Haaland ruled out for up to seven weeks: Guardiola
-
Trophies are what count: Barca's Flick before Atletico cup clash
-
Trump signs executive order targeting ticket scalping

US banking system 'well-capitalized' despite risks: Yellen
US Treasury Secretary Janet Yellen said Thursday that the country's banking system is "well-capitalized" even as some banks face stresses stemming from the commercial real estate sector.
Yellen made the comments to a congressional hearing where she added that regulators are monitoring risks from nonbank mortgage lenders and authorities plan to tighten oversight on investment advisers.
Earlier this week, Yellen expressed concern about the commercial property sector, saying banking supervisors are working with institutions to manage challenges.
The concern is that as commercial real estate loans come due, they will have to be refinanced in an environment of higher interest charges, lower valuations and where vacancy rates are growing -- adding pressure on the system.
Vacancy rates in office buildings, especially in metropolitan areas, have surged, Yellen told the Senate Committee on Banking, Housing, and Urban Affairs on Thursday.
"There are some risks, and there are some institutions that will face stresses from commercial real estate," she said.
"For some banks, this will be a concern. But on balance I'd say the system is well-capitalized," she added.
At the hearing, Yellen also said regulators are eyeing risks related to nonbank mortgage lenders.
"Nonbank mortgage companies lack access to deposits which banks have, they're reliant on short-term financing that may be a lot less stable than deposits," she said.
Yellen added that their credit lines can be pulled during times of stress and that they also lack access to the types of liquidity backstops that banks have.
"There is concern that in stressful market conditions, we could see the failure of one of these," she said.
On Thursday, Yellen also noted that Treasury plans to issue a proposed rule applying requirements for anti-money laundering and countering terrorism financing on investment advisers.
"Investment advisers is a financial sector that hasn't been uniformly covered" by anti-money laundering and terrorism financing rules, according to the Treasury chief.
"Our risk assessment shows that that is an area that provides an avenue for sanctioned individuals, for criminals and the like, to move wealth and invest in the United States without the sources of their wealth being detected," she said.
C.Garcia--AMWN