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Stock impact report

Wall Street Shouldn't Worry That Mnuchin Met With Big Banks — They Should Worry If He Didn't [Investor's Business Daily]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
Some on Wall Street and in the media fretted last weekend when Treasury Secretary Steven Mnuchin conferred with the top executives at half a dozen banks about the status of their operating funds following recent plunges in major stock market indexes. To some, it was a worrying sign of looming financial crisis. Some even used the "P" word: Panic. To us, Mnuchin was just doing his job. The Treasury Department tweeted out on Sunday that Mnuchin " conducted a series of calls today with the CEOs of the nation's six largest banks." They included Bank of America, Citi, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo. The Treasury statement continued: "The CEOs confirmed that they have ample liquidity available for lending to consumers, business markets, and all other market operations. He also confirmed that they have not experienced any clearance or margin issues and that the markets continue to function properly." What was intended as a quick check-up quickly turned into an a Show less Read more
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