US Treasury Secretary Calls Bank CEOs Amid Concerns About Jittery Financial Markets

U.S. Treasury Secretary Steven Mnuchin speaks to the news media after giving a television interview at the White House in Washington on Dec. 3, 2018. Leah Millis/Reuters

U.S. Treasury Secretary Steven Mnuchin called CEOs of six major banks on Dec. 23, in a perceived attempt to stabilize volatile financial markets.

U.S. stocks have dropped significantly in recent weeks because of concern over slowing economic growth, with the S&P 500 index on track for its biggest percentage decline in December since 1931.