Already tested by 9/11 and 2008 financial collapse, Consumer Bankers Association CEO relies on strong team, constant member contact
April 24, 2020
By William Ehart
On Tuesday, March 10, President Trump emerged from talks with U.S. senators on ways to stimulate the economy during the COVID-19 crisis, and said, “Just stay calm, it will go away.”
Consumer Bankers Association CEO Richard Hunt heard a different tune the following day, when he met with Trump and other banking industry executives at the White House. On returning to CBA headquarters, he gathered staff and told them to come to work on Thursday, but to pack up what they needed to begin working from home on Friday, March 13. It was not until Monday that the president would issue social distancing guidelines.
“I’m sitting across the table from President Trump with CEOs of large banks. And he walked into the room and goes, sitting down, ‘Some people believe this coronavirus is more serious than they felt.’