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Treasury Secretary Steven Mnuchin called top U.S. bankers on Sunday amid the pullback in stocks and said he was calling a meeting of financial regulators to discuss ways to ensure "normal market operations." [...] Mnuchin spoke on Sunday with the heads of the six largest U.S. banks, who confirmed they have enough liquidity to continue lending and that "the markets continue to function properly." But investors said his move to convene a call with the President's Working Group on Financial Markets [Mar. 18, 1988 EO UPDATE], known as the "Plunge Protection team," may have weighed on sentiment on Monday.
But investors said his move to convene a call with the President's Working Group on Financial Markets [Mar. 18, 1988 EO UPDATE], known as the "Plunge Protection team," may have weighed on sentiment on Monday.
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