By Elizabeth Dilts Marshall
NEW YORK (Reuters) – President Donald Trump will meet with the heads of some of the largest U.S. banks on Wednesday to discuss the financial industry’s response to the coronavirus epidemic and the economic toll it is taking on small businesses, the markets and the economy, according to the White House press office.
The meeting comes as the government stepped up its response to escalating fears that the coronavirus strain could push the U.S. economy into a recession. The stock markets began the week by plunging more than 7%, triggering a 15-minute trading halt on Monday, before closing up nearly 5% on Tuesday after a day of wild swings.
Chief executive officers from Bank of America (N:), Citigroup (N:), Wells Fargo & Co (N:), Goldman Sachs Group Inc (N:) and Truist Financial Corp (N:) all confirmed they will attend the…