U.S. regulators say banking system 'sound and resilient'

Some banks under stress, but financial system sound — Yellen, US regulators

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.

Yellen, US regulators say some banks under stress but financial system sound

Over the past week, investors have struggled to interpret messages on the issue

US Regulators: Banking System 'Sound and Resilient'

The multi-regulator U.S. Financial Stability Oversight Council (FSOC) agreed Friday that the U.S. banking system remains "sound and resilient" despite stress on some institutions, the U.S. Treasury said in its latest statement to calm jittery markets and bank depositors. In a readout of a closed meeting chaired by Treasury Secretary Janet Yellen, the department said that FSOC participants heard a presentation on market developments from the staf…

U.S. bank sector ‘remains sound and resilient,’ council of top regulators says after Friday meeting

The Financial Stability Oversight Council said that “while some institutions have come under stress, the U.S. banking system remains sound and resilient,” in...

Yellen, US Regulators Say Some Banks Under Stress But Financial System Sound

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.

U.S. regulators say banking system 'sound and resilient'

The multi-regulator U.S. Financial Stability Oversight Council agreed on Friday that the U.S. banking system remains "sound and resilient" despite stress on some institutions, the U.S. Treasury said in its latest statement to calm jittery markets and bank depositors.