Former U.S. Treasury Secretary Mnuchin: No improvement in New York office loan portfolio.

Former U.S. Treasury Secretary Mnuchin: Over time, we can reduce the multifamily portfolio of New York community banks.

Former U.S. Treasury Secretary Mnuchin: The biggest problem in the investment portfolio is New York office loans.

Former U.S. Treasury Secretary Mnuchin: Earnings will be retained and reserves will be built when needed.

Former U.S. Treasury Secretary Mnuchin: New York community banks were very smart in avoiding bad signature loans.

Former U.S. Treasury Secretary Mnuchin: The problem with New York community banks is actually around some risks in lending.

Former U.S. Treasury Secretary Mnuchin: The problem with New York community banks is actually around the perceived risk of lending.

Former U.S. Treasury Secretary Mnuchin: We will be able to address the risks that are perceived to exist.

European Central Bank President Lagarde: It’s not about sacrificing economic growth.

Former U.S. Treasury Secretary Mnuchin: We conducted an extensive investigation into the huge loans of New York community banks.

European Central Bank Vice President Guindos: Risk exposure of non-bank institutions is much greater.

U.S. Treasury Secretary-elect Mnuchin: Rapid progress was made on the New York community bank transaction last weekend.

ECB Vice President Guindos: We have not seen any widespread "contagion" phenomenon.

ECB Vice President Guindos: The problem is that some banks bear higher risk exposure and concentration.

European Central Bank President Lagarde: If necessary, we will act independently and will not be influenced by the Federal Reserve.

European Central Bank President Lagarde: We will take necessary measures when necessary.

ECB President Lagarde: Decision on Russian assets will be decided by leaders.