A week after the second-largest bank collapse in US history, Treasury Secretary Janet Yellen told the Senate Finance Committee that the nation’s banking system “remains sound” and Americans “can feel confident” about their deposits.

China has denounced an appeal by US treasury secretary Janet Yellen for a US-European “unified front” against Chinese “unfair economic practices” and human rights abuses.

The Senate has approved President Joe Biden’s nomination of Janet Yellen to be the nation’s 78th treasury secretary, making her the first woman to hold the job in the department’s 232-year history.