UPDATE 3-Wall Street tells Trump financial system strong, ready to support borrowers [Reuters (UK)]
Wells Fargo & Company (WFC)
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Source: Reuters
Wall Street tells Trump financial system strong, ready to support borrowers - Reuters 5 Min Read NEW YORK/WASHINGTON (Reuters) - The U.S. banking industry is strong and ready to help businesses and consumers weather economic fallout from the fast-spreading coronavirus, Wall Street chief executives told President Donald Trump during a meeting at the White House on Wednesday. “This is not a financial crisis. The banks and the financial system are in sound shape and we are here to help,” said Michael Corbat, chief executive of Citigroup ( C.N ), during the meeting, which was broadcast from the White House Cabinet Room. “We want to provide liquidity, we want to lend to our small businesses, we want to be supporting our consumer clients,” he added. The Trump administration in recent days has tapped regulators to assess financial resilience and unveiled a fiscal stimulus package in response to growing fears the spread of the highly contagious virus could push the U.S. economy into a reces
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- 10/11/24 - Beat
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- 12/20/24 - Form 424B2
- 12/20/24 - Form 424B2
- 12/20/24 - Form 424B2
- WFC's page on the SEC website