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Investing.com -- President Donald Trump is holding individual meetings with bank leaders at the White House to discuss economic matters and potential monetization strategies for mortgage giants Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC).
Trump is asking chief executive officers to present their ideas on how to monetize the mortgage entities, with options including a major public offering of stock, according to a report from Bloomberg, citing people familiar with the matter.
JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon met with Trump at the White House last week. Goldman Sachs Group Inc (NYSE:GS). CEO David Solomon is scheduled to meet with the president on Thursday afternoon, while Bank of America Corp (NYSE:BAC). CEO Brian Moynihan is expected to have his meeting in the coming days.
The discussions are likely to expand to include executives from other banks as well, the sources said.
These meetings represent potential business opportunities for the financial institutions involved, as they could play roles in any transactions related to Fannie Mae and Freddie Mac.
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