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.
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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