You are here

Trump called bank CEOs to hear how good everything is

Section: Daily Dispatches

Trump Held Conference Call with Big Bank CEOs Amid Market Turmoil, Source Tells Reuters

By Steve Holland and Pete Schroeder
Friday, August 16, 2019

WASHINGTON -- President Donald Trump held a conference call on Wednesday with the chief executives of the three largest Wall Street banks as financial markets were in turmoil, one source with direct knowledge of the matter said today.

JPMorgan's Jamie Dimon, Bank of America’s Brian Moynihan, and Citigroup's Michael Corbat discussed the health of the banking sector with Trump, who was at his resort in Bedminster, New Jersey, the person said.

... Dispatch continues below ...


The Safest and Most Efficient Way to Own
Gold and Silver in the United Kingdom

GoldCore's mission statement since 2003 has been to protect and grow the wealth of our clients, and given the growing risks in the United Kingdom and internationally, we have put together for clients who are tax-resident in the United Kingdom an exclusive gold and silver offer free of capital gains tax.

On all lump-sum and pension investments worth more than GBP 10,000 in gold and or silver (capital gains tax-free gold and silver Britannias and gold Sovereigns) stored in Zurich you will benefit from free secure storage for six months. We also will send you one British legal-tender silver bullion coin, a beautiful 1-ounce silver Britannia.

Please visit GoldCore here for more information about this offer:

GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.

Email the GoldCore team at or call our trading desk:

UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.

Visit us at:

The call came on a day that saw all three major U.S. indexes close down roughly 3% amid ongoing concerns about the global economy.

The three CEOs were in Washington at the time of the call with Trump, according to four people with direct knowledge of the matter. They were in the nation's capital to discuss long-sought changes to anti-money laundering and bank secrecy rules with Treasury Secretary Steven Mnuchin, the people said.

The meeting with the Treasury had been scheduled several weeks in advance, the people said. At that meeting, the bank executives told Treasury officials they believed the banking sector is in good health, with plenty of liquidity and capital, one person said. ...

... For the remainder of the report:

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Friday-Monday, November 1-4, 2019

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit: