off-the-wire

Trump met Citigroup, BofA CEOs to discuss Fannie and Freddie, sources say

Kitco Media
By Reuters
Published:
Updated:
Reuters
Trump met Citigroup, BofA CEOs to discuss Fannie and Freddie, sources say teaser image

NEW YORK, Aug 6 (Reuters) - U.S. President Donald Trump met Citigroup CEO Jane Fraser at the White House on Wednesday to discuss the administration's plans for Fannie Mae and Freddie Mac, according to a source familiar with the situation.

Trump also met with Bank of America CEO Brian Moynihan and his team to discuss Fannie and Freddie, a separate source said.

The administration had previously said it plans to take the firms public, but will keep oversight and guarantees in the mortgage market.

The White House declined to comment on private meetings.

Reporting by Tatiana Bautzer and Saeed Azhar, Editing by Lananh Nguyen

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.