Tags: u.s. banking | treasury department | financial security oversight council

Treasury, FSOC Concur: US Banking System Is Sound

Treasury, FSOC Concur: US Banking System Is Sound
(Dreamstime)

Friday, 24 March 2023 05:03 PM EDT

The U.S. Treasury said that the multi-regulator Financial Stability Oversight Council agreed in a meeting on Friday that the U.S. banking system remains "sound and resilient" despite stress on some institutions.

In a readout of the closed meeting held by videoconference, the Treasury said that FSOC participants heard a presentation on market developments from the staff of the Federal Reserve Bank of New York.

"The Council discussed current conditions in the banking sector and noted that while some institutions have come under stress, the U.S. banking system remains sound and resilient," the Treasury said in a statement.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
The U.S. Treasury said that the multi-regulator Financial Stability Oversight Council agreed in a meeting on Friday that the U.S. banking system remains "sound and resilient" despite stress on some institutions.
u.s. banking, treasury department, financial security oversight council
97
2023-03-24
Friday, 24 March 2023 05:03 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved