Yellen Calls Friday FSOC Meeting After Banking-Sector Turmoil
- Regulators seeking to calm markets, depositor concerns
- FSOC members include leaders of Federal Reserve, FDIC
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Treasury Secretary Janet Yellen will convene the heads of top US financial regulators Friday morning for a previously unscheduled meeting of the Financial Stability Oversight Council.
The meeting will be closed to the public, the Treasury Department said in a statement. The Treasury didn’t say what time the meeting would begin, and it wasn’t immediately clear whether the council would issue a statement following the meeting.