Yellen, US Regulators Say Some Banks Under Stress But Financial System Sound
- Regulators coming under pressure from markets, politicians
- Policymakers around the world assert banks well capitalized
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Top US regulators said Friday that while some banks are coming under stress the overall financial system is still sound, seeking to reassure depositors and investors rattled by recent bank failures.
The statement came after Treasury Secretary Janet Yellen convened the Financial Stability Oversight Council on Friday morning, a panel that includes the head of the Federal Reserve and the Federal Deposit Insurance Corp.