CEOs of major banks gathered in Washington for a two-day meeting.
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. REUTERS/Marco Bello/File PhotoChief Executive Jamie Dimon met Lael Brainard, the director of the White House National Economic Council on Wednesday, while in Washington this week, according to a person familiar with the situation.
The banks were aiming to work out details for what needs to be done for First Republic within the coming 24 hours, another source said. Major banks and private equity firms have so far balked at offering First Republic the capital infusion it craves for fear of releasing losses on the bank's loan book and investment portfolio amid a rise in interest rates.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan CEO Dimon scheduled to meet White House's Brainard during D.C. trip -sourceJPMorgan Chief Executive Jamie Dimon is scheduled to meet with Lael Brainard, the director of the White House's National Economic Council, during the executive's planned trip to Washington, according to a person familiar with the situation.
Read more »
EXCLUSIVE: Elina Kousourna Named CEO of MajeFrench accessible luxury group SMCP has named Elina Kousourna chief executive officer of its Maje label, moving the executive over from its men’s brand Fursac.
Read more »
Exclusive: Gunvor to expand in United States after strong profits - CEOEnergy trader Gunvor made strong profits last year and is looking to expand its oil trading and develop a significant power trading arm in the United States, its CEO told Reuters.
Read more »
Jamie Dimon leading efforts for new First Republic Bank rescue planFirst Republic Bank faced a second credit rating downgrade on Monday amid concerns that the troubled San Francisco lender needed another liquidity boost.
Read more »