Trump held conference call with big bank CEOs amid market turmoil: source

Politics

FILE PHOTO: U.S. President Donald Trump talks to reporters as he boards Air Force One for travel to Pennsylvania from Morristown Municipal Airport in Morristown, New Jersey, U.S. August 13, 2019. REUTERS/Jonathan Ernst/File Photo

WASHINGTON (Reuters) – President Donald Trump held a conference call Wednesday with the heads of three large Wall Street banks as financial markets were in turmoil, one source with direct knowledge said on Friday.

Following a previously scheduled meeting at the Treasury Department, JPMorgan Chase & Co.’s Jamie Dimon, Bank of America Corp.’s Brian Moynihan and Citigroup Inc.’s Michael Corbat discussed the economy and financial markets with Trump, who was at his resort in Bedminster, New Jersey. The conversation came on a day that saw all three major U.S. indexes close down roughly 3 percent amid ongoing concerns about the global economy.

Reporting by Pete Schroeder; Editing by Chizu Nomiyama

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