Yellen Calls Friday FSOC Meeting After Banking-Sector Turmoil

  • Regulators seeking to calm markets, depositor concerns
  • FSOC members include leaders of Federal Reserve, FDIC

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.