Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
Investing.com -- In response to US President Donald Trump's complaints about American banks having difficulty doing business in Canada, the Canadian government has invited representatives from several US banks, including JPMorgan Chase & Co. (NYSE:JPM), for a meeting. Bank of America Corp (NYSE:BAC). is also among the firms invited. The details of the meeting, including its timing, are still being finalized, according to Bloomberg, citing sources who wish to remain anonymous due to the confidential nature of the information.
The US President has repeatedly claimed that American banks aren't permitted to conduct business in Canada. However, this isn't accurate. Over a dozen US banks currently have operations in Canada. These include JPMorgan, Bank of America, Goldman Sachs Group Inc (NYSE:GS)., and American Express Co (NYSE:AXP). Despite the presence of these US banks, Canadian banks continue to dominate several business sectors, including retail banking.
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