Showing posts with label Wall Street leaders. Show all posts
Showing posts with label Wall Street leaders. Show all posts

September 25, 2011

Banks Splinter on Europe Crisis as Tension Pervades Meetings

Sept. 26 (Bloomberg) -- Wall Street leaders, urging coordinated action from world governments to solve the European sovereign-debt crisis, struggled themselves during four days of meetings in Washington to agree on what’s needed to end it.

The chiefs of firms including JPMorgan Chase & Co., Goldman Sachs Group Inc., Deutsche Bank AG and Societe Generale SA met for three hours at the National Archives on Sept. 23. They differed on which government and private solutions may restore confidence in European debt and banks, and on some elements of regulation, said two participants who spoke on condition of anonymity because the meeting wasn’t public.