US Treasury Secretary Steven Mnuchin has made calls to the heads of the country’s six largest banks, in an unusual move aimed at reassuring investors after big falls in US stocks.
Last week, US stocks suffered one of the worst weekly falls in a decade, as an interest rate rise and US-China trade tensions rattled markets.
Mr Mnuchin said banks confirmed they had “ample liquidity” for operations.
It also comes amid a partial government shutdown over spending plans.
“The [bank’s chief executives] confirmed that they have ample liquidity available for lending to consumer, business markets, and all other market operations,” the Treasury said in a statement attached to a tweet from Mr Mnuchin. Read more