Chief executive officers of big banks across the globe had private discussions on how United States President Donald Trump's tariffs are affecting markets and the world economy, Sky News reported on Monday.
According to the media outlet, the heads of Bank of America Corp., Barclays plc, Citigroup Inc., HSBC Holdings plc, and JPMorgan Chase & Co. were all involved in talks that took place on Sunday, as recession fears mounted.
As per a source, the call was convened by a Washington-based public policy group, the Bank Policy Institute. It was further mentioned that the idea behind the call was for bank CEOs to share their views on the current situation with their peers worldwide.
