Fed ready to take more action aimed at banking system safety: Yellen

Federal Reserve Chair Janet Yellen on Wednesday said the central bank is prepared to take further action to make the financial system safer, in a warning to the banking industry and non-bank lenders. In prepared remarks at the "Finance and Society" conference held at the International Monetary Fund, Yellen outlined the contributions of the banking system to society and the economy. "A combination of responses to distorted incentives by players throughout the financial system creat