- Joined
- Jan 21, 2013
- Messages
- 25,357
- Reaction score
- 11,557
- Location
- Post-Trump America
- Gender
- Male
- Political Leaning
- Moderate
This is fine...
Mnuchin speaks with US bank executives to reassure investors after Wall Street whiplash
Washington (CNN)In a precautionary move, Treasury Secretary Steven Mnuchin spent Sunday on the phone speaking with the chief executives of six of the country's largest banks to avoid yet another market whiplash when Wall Street opens Monday.
The secretary, who has been visiting his children in Cabo San Lucas, Mexico, tried to get ahead of further market jitters following reports that President Donald Trump was consulting advisers about whether he had the legal authority to fire Federal Reserve Chairman Jerome Powell.
In a series of calls with CEOs, Mnuchin spoke with Jamie Dimon of J.P. Morgan Chase, Tim Sloan of Wells Fargo and David Solomon of Goldman Sachs. He also called James Gorman of Morgan Stanley, Brian Moynihan of Bank of America and Citi's Michael Corbat. Each of the executives said they have "ample liquidity" to lend to consumers, businesses and perform other market operations, the Treasury Department said in a statement Sunday evening.
Mnuchin speaks with US bank executives to reassure investors after Wall Street whiplash