U.S. banking system


In the midst of stress on some institutions, the U.S. Financial Stability Oversight Council (FSOC) and officials from the Federal Reserve have reassured the public of the strength and resilience of the U.S. banking system. This comes amidst volatile and rangebound trade in the global market, with traders keeping a close eye on banking developments. FSOC Statement Calms Markets and Bank Depositors According to a statement released by the U.S. Treasury, the FSOC – a…