U.S. Treasury Secretary: Will find out what led to the collapse of Silicon Valley Bank and Signature Bank

According to Reuters, U.S. Treasury Secretary Janet Yellen said in a speech to the Senate Finance Committee that the U.S. banking system is sound and will carefully study the reasons for the collapse of Silicon Valley Bank and Signature Bank. The Treasury Department will work with the Federal Reserve and the FDIC to protect all depositors at the two banks, and has created a new mechanism to allow banks to access emergency funds. The Fed will also make it easier for banks to borrow from it in emergencies.