As the markets rage and more businesses reel from the impact of the spreading coronavirus, President Trump plans to meet with officials from the nation’s banks at the White House on Wednesday afternoon, the New York Times reported. The meeting, which is scheduled for 3 p.m. ET, is expected to be attended by top executives of the biggest banks, including David Solomon, the chief executive of Goldman Sachs; Brian Moynihan, chief executive of Bank of America; Charles Scharf, the chief of Wells Fargo; Gordon Smith, the co-president and chief operating officer of JPMorgan Chase; and Michael Corbat, chief executive of Citigroup. The bank executives are preparing to address questions on their views of the recent market volatility, the funding of small businesses and their own economic outlooks, according to some of the bank officials who have been briefed on the plans. Hundreds of businesses, small and big, have been hit by the coronavirus outbreak, which has so far infected more than 116,000 people in some 103 countries. Airlines have cut service, signaling that ticket sales are falling as the epidemic spreads. Restaurants, retailers and other small businesses are seeing fewer customers. Supply chains of manufacturing companies have been disrupted since the outbreak started in China — home to many factories that make products for American businesses.
