Published Date Sep 11, 2023

REUTERS: 

Sept 11 (Reuters) - U.S. Deputy Treasury Secretary Wally Adeyemo on Monday said he was encouraged U.S. banks had not curtailed lending as much as feared after the banking issues seen earlier this year.

Adeyemo told an event hosted by the Economic Club of New York there had been some consolidation in the U.S. banking system after the failures of several banks in late winter and early spring, but no significant pullback in credit.

READ MORE: Treasury's Adeyemo: Encouraged we have not seen expected credit pullback

By Caroline Gaudette

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