Continue Reading Below
Trump and members of his administration say the fundamentals of the economy are strong, despite the sharp drop in equity prices, but will look to discuss the financial market fallout from the coronavirus and potential solutions.
The administration is considering its response to the potential economic fallout from the virus.
These are the business leaders set to meet with Trump:
Bank of America CEO Brian Moynihan
Moynihan has led Bank of America, the second-largest U.S. bank, since 2010. The virus outbreak could force the bank to shift energy away from its efforts to leverage the latest digital technology to grow its business.
"The idea is that these services still have a lot of room to grow, to have an impact on the company," Moynihan said on FOX Business' "Barron's Roundtable" in January.
Citigroup CEO Michael Corbat
Corbat has led Citigroup, parent of Citibank and the third-largest U.S. bank, since 2012.
Corbat's pay stayed at $24 million in 2019 as the company reported rising profits in the last quarter of the year. Citigroup's fourth-quarter 2019 profits rose by 15 percent, as the banking conglomerate benefited from a boost in trading similar to competitor JPMorgan Chase.
JPMorgan Chase COO Gordon Smith
Smith has held the position at the biggest U.S. bank since 2018.
Goldman Sachs CEO David Solomon
Solomon has led the investment banking powerhouse since 2018 and will attend the White House meeting, FOX Business confirmed.
Wells Fargo CEO Charles Scharf
Scharf testified before Congress on Tuesday and blamed the company's alleged consumer abuses, including a fake-account scandal, on a "broken" culture and acknowledged the bank needs to do more to address its shortcomings.
U.S. Bancorp CEO Andy Cecere
Cecere has been CEO of U.S. Bancorp, the fifth-largest U.S. bank, since 2017. Cecere has been with the bank for decades, including before the former U.S. Bancorp merged with Firstar Corporation.
Truist CEO Kelly King
American Bankers Association CEO Rob Nichols
The American Bankers Association is the only industry group known to be attending the meeting. The group represents banks of all sizes.
FOX Business' Blake Burman James Langford, Megan Henney and Suzanne O'Halloran and The Associated Press contributed to this report.