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Markets plunge following Mnuchin outreach to banks

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The Dow Jones Industrial Average plunged more than 400 points Monday morning, following a weekend attempt by Treasury Secretary Steven Mnuchin to calm the markets. Mnuchin…
The Dow Jones Industrial Average plunged more than 400 points Monday morning, following a weekend attempt by Treasury Secretary Steven Mnuchin to calm the markets.
Mnuchin said Sunday that he spoke with the heads of six major banks — Bank of America, Citi, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wells Fargo — and reported that they had « ample liquidity.

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