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U.S. Treasury secretary Janet Yellen initiated an unscheduled Financial Stability Oversight Council (FSOC) meeting with the country’s top financial regulators on Friday amid issues plaguing the U.S. banking sector. Banking stocks and all four U.S. benchmark indexes fell again on Friday as the government’s efforts last week failed to quell
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The United States’ most powerful financial regulators gathered on March 24 by video conference for an unscheduled, closed meeting of the Treasury Department’s Financial Stability Oversight Council (FSOC), the department announced in a statement. Treasury Secretary Janet Yellen convened the meeting.Details were sparse in the Treasury statement, but it said
Read MoreEstonia-based cryptocurrency exchange BitBay went offline for almost two hours on Monday without explanation.According to a tweet posted by BitBay on Oct. 12, the exchange went down at approximately 4:28 PM (UTC) today before resuming trading at 6:10 PM. BitBay posted an update before it had resolved the unnamed issue,
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