U.S. Treasury's Yellen to meet financial regulators Thursday to discuss volatility

Reuters2021-02-04

Feb 3 (Reuters) - U.S. Treasury Secretary Janet Yellen will meet top financial regulators on Thursday to discuss recent volatility in financial markets driven by trading in stocks, including GameStop Corp , the Department of Treasury said.

Yellen will meet with the heads of the Securities and Exchange Commission, Federal Reserve Board, Federal Reserve Bank of New York, and Commodity Futures Trading Commission, the statement said.

GameStop and other social media darlings rebounded in calmer trading on Wednesday from their sharp sell-off in the prior session as investors turned their focus to the possibility of tighter U.S. trading regulations.

(Reporting by Shubham Kalia in Bengaluru; Editing by Kim Coghill)

((Shubham.Kalia@thomsonreuters.com;))

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Eliastan
2021-02-04
Eliastan
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