Banks Will Likely Consolidate Further Into Bigger Giants: Fed's Yellen

US Treasury Secretary Janet Yellen has weighed in as more banks close shop amid the ongoing banking crisis. The severe winter that hit the banking industry has sent many banks packing while those still standing battle liquidation issues and crashing stock prices. During a discussion with finance executives at a meeting hosted by the Bank Policy Institute (BPI), Yellen said more bank mergers might occur amid the turmoil. ... Read More: Banks Will Likely Consolidate Further Into Bigger Giants: Fed's Yellen