Obama to meet Citigroup, Goldman, 10 other banks on small business lending

Bloomberg:

Dec. 10 (Bloomberg) -- Executives from 12 banks, including Citigroup Inc., Goldman Sachs Group Inc. and JPMorgan Chase & Co., will participate in a Dec. 14 White House meeting with President Barack Obama to discuss his proposals to boost small- business lending and overhaul industry regulations, an administration official said.


Also represented will be Bank of America Corp., Wells Fargo & Company, Capital One Financial Corp. and American Express Co., said the official who spoke on the condition of anonymity.


Rounding out the guest list are executives from Bank of New York Mellon Corp., Morgan Stanley, PNC Financial Services Group Inc., U.S. Bancorp and State Street Corp., the official said.
White House senior advisory Valerie Jarrett said Dec. 8 the executives were invited to talk “about what we can do together to increase lending, particularly to small businesses.”


In an interview, she said “we want to talk about what we can do collectively to work with them to solve this credit crunch.”