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Trump called bank CEOs to hear how good everything is
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.
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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. ...
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