US Treasury Reviewing US Banks’ Exposure to Credit Suisse
- Officials working with Federal Reserve, European regulators
- Credit Suisse turmoil adds to concern over financial stability
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The Treasury Department is actively reviewing the US financial sector’s exposure to Credit Suisse Group AG after the bank’s stock saw its biggest one-day drop on record, according to people familiar with the matter.
Officials at the Treasury Department are working closely with the Federal Reserve and European regulators, said one of the people, who spoke on condition of anonymity. Spokespersons for the Treasury Department and the Fed declined to comment.