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Washington Watch

Regional bank crisis: Here’s how DC might act to stop the bleeding

Regulators have emergency powers that they so far haven’t used

Federal Reserve Board Chairman Jerome Powell and Securities and Exchange Commission Chairman Gary Gensler could be forced to act to quell concerns over regional banks.

Alex Wong/Getty Images

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Shares of embattled regional bank stocks were rebounding Friday, but ongoing uncertainty in the sector has led to growing calls for the federal government to take action to restore investor and depositor confidence in these institutions.