U.S. Treasury Secretary Steven Mnuchin called the CEOs of six major banks Sunday in a possible attempt to reassure jittery financial markets coming off a turbulent week in the stock market that is now bracing for potential repercussions from a partial shutdown of the U.S. government, Fox News informed.
Mnuchin revealed the calls with the chiefs of Bank of America, Citi, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wells Fargo in a tweet about the private conversations.
Mnuchin stated that all the banks assured him that they have money to finance their work, although there have not been any serious liquidity concerns rattling the market.
Concerns about slowing economic growth and rising interest rates saddled the U.S.
Most experts believe the growth will continue in the U.S., but there are signs things are slowing down in Europe and China.