Minister of Finance USA Janet Yellen has convened a meeting of the leading regulators of the US financial sector, as reported by Bloombergwhile fears about the banking system are intensifying after the turmoil that continued today in European financial markets and a few hours after the “fall” of Deutsche Bank shares.
It is noted that the time of the said meeting was not called. Financial Stability Oversight Board (FSOC)), a body supervised by the Ministry of Finance, while discussions will be closed to the public, the same publication reports.
The members of the FSOC are the heads of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC) and many other regulatory bodies.
Today’s developments, with Deutsche Bank’s 15% stake drop and a sharp rise in bankruptcy insurance costs, suggest that the tensions in the banking sector have not subsided.
According to Bloomberg and APE-MPE.
Source: Kathimerini
Anna White is a journalist at 247 News Reel, where she writes on world news and current events. She is known for her insightful analysis and compelling storytelling. Anna’s articles have been widely read and shared, earning her a reputation as a talented and respected journalist. She delivers in-depth and accurate understanding of the world’s most pressing issues.