Obama tells bankers to help boost economic recovery

on December 14 2009 4:16 PM

President Barack Obama said Monday that Banks must be active in helping accelerate the U.S. economic recovery after receiving help from taxpayers.

[N]ow that they are back on their feet, we can expect an extraordinary commitment from them to rebuild our economy, the President said in remarks after meeting with top bank chief executives in Washington D.C., according to CNN.

Prior to the meeting, the White House issued a list of attendees. Due to bad weather three executives could not attend in person, but were set to participate in a conference call.

The President previously met with many of the same bankers in March to discuss the government's bank bailout program and efforts to boost the economy.

Many of the major banks attending today's meeting have already repaid the government's bailout investments or are set to do so soon.

Executives attending from the financial industry:

Ken Chenault, President and CEO, American Express

Richard Davis, Chairman, President, and CEO, US Bancorp

Jamie Dimon, Chairman and CEO, JP Morgan Chase

Richard Fairbank, Chairman and CEO, Capital One

Bob Kelly, Chairman and CEO, Bank of New York Mellon

Ken Lewis, President and CEO, Bank of America

Ron Logue, Chairman and CEO, State Street Bank

Gregory Palm, Executive Vice President and Chief Counsel, Goldman Sachs

Jim Rohr, Chairman and CEO, PNC

John Stumpf, President and CEO, Wells Fargo

Attendants via conference call:

 

Lloyd Blankfein, Chairman and CEO, Goldman Sachs

John Mack, Chairman and CEO, Morgan Stanley

Dick Parsons, Chairman, Citigroup

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