President Donald Trump brings bank leaders to meet him one by one in the White House. Apart from the economic discussion, there is a chance on a big payday for their firms. Trump is asking executives for their pitches about the earnings of mortgage giant Fannie Mae and Freddie Mac, including a great public offer of stock, according to people familiar with the case. Last week, JPMorgan Chase & Co. CEO Trump Jamie Dimon invited him to meet him in the White House. Goldman Sachs Group Inc. CEO David Solomon meets Thursday afternoon with Trump, and Brian Moynihan, CEO of Bank of America Corp, is also expected to meet with Trump in the coming days. The people are likely to include other banks, the people said. The two entities have been officially nominated as the Federal National Mortgage Association and Federal Home Loan Mortgage Corp., and are massive financial organs of the US housing system. The businesses have been under the government’s height since the financial crisis in 2008. Fannie and Freddie both returned to a constant profitability, with earnings retained. Trump said in May that he gave “very serious consideration to bring Fannie Mae and Freddie Mac Public to more than a decade of government control. Hedge funds and other investors have called on the government to release the two entities from the conservancy, which can provide a windfall for shareholders – including the government itself. Analysts said it could be one of the biggest public offers ever. Many complicated details must be worked out for such a plan, including what interest would initially be offered in any sale, and how investors who own existing shares – which still trade – would be treated. Trump asks CEOs to offer their ideas about the strategy to take the organizations public and how their banks can play a role, people said and asked not to be identified about private information. A White House spokesman could not comment immediately. Earlier Thursday Thursday, the White House press secretary Karoline Leavitt asked about Trump’s meeting with Solomon, who refused to determine the goal. “I will not discuss the president’s private meetings of this podium,” she said. With the help of Patrick Clark and Katy O’Donnell. © 2025 Bloomberg MP This article was generated from an automatic news agency feed without edits to text.
Trump asks the Bank CEO to work on Fannie, Freddie stock offers. Company Business News
