Mnuchin Called Top U.S. Bank Executives on Market Stability
- Reassuring markets amid stock market slide, federal shutdown
- A day earlier, Mnuchin tried to tamp down worries about Fed
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Treasury Secretary Steven Mnuchin called top executives from the six largest U.S. banks over the weekend, he said Sunday on Twitter, a move that followed heavy losses in the stock market last week and a partial federal government shutdown.
“The CEOs confirmed that they have ample liquidity available for lending to consumer, business markets, and all other market operations,” the Treasury said in a statement attached to Mnuchin’s tweet. “He also confirmed that they have not experienced any clearance or margin issues, and that the markets continue to function properly.”