Six largest US banks have assured the country’s authorities of having enough liquidity for lending amid yet another decision of the US Federal Reserve to increase the benchmark interest rate, US Treasury Secretary Steven Mnuchin said.
Mnuchin said on Sunday that he conducted a series of calls with CEOs of the country’s six largest banks, namely Brian Moynihan, Bank of America; Michael Corbat, Citi; David Solomon, Goldman Sachs; Jamie Dimon, JP Morgan Chase; James Gorman, Morgan Stanley and Tim Sloan, Wells Fargo.
On Monday, Mnuchin will continue a series of consultations with representatives of the country’s financial institutions and departments to discuss how to ensure the normal functioning of the market.