March 26, 2020 / 7:18 PM / 7 days ago

Top U.S. bank regulator says 'banks are safe' amid pandemic

WASHINGTON, March 26 (Reuters) - A top U.S. banking regulator reiterated to a government panel Thursday that banks and customer deposits are safe amid the coronavirus pandemic.

Federal Deposit Insurance Corporation Chairman Jelena McWilliams told fellow regulators she sees the banking sector as “well positioned to deliver much needed capital and liquidity to communities across the United States.”

“Our banks are safe. Your FDIC-insured deposits are safe,” she told the Financial Stability Oversight Council, according to prepared remarks. (Reporting by Pete Schroeder)

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