JPMorgan CEO 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, a person familiar with the situation told Reuters
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 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.
The CEOs of major banks gathered in Washington for a two-day scheduled meeting which started on Tuesday, sources familiar with the matter previously said. The quarterly meeting of the Financial Services Forum included Dimon and Bank of America CorpThe 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.
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