Ivanka Trump lassos $1.6B for virus-slammed small companies

Ivanka Trump, President Trump’s jobs czar, and Treasury Secretary Steven Mnuchin have rallied American banks to pony up $1.6 billion to help small businesses and Main Street Americans crushed by the coronavirus.

Initiated at a mid-March meeting with banking leaders at the White House, several this week pledged millions of dollars of help to supplement the billions of dollars set aside by the administration and Congress for programs such as the Payroll Protection Plan.

Financial giants Bank of America, Goldman Sachs, JP Morgan Chase, Visa, Citibank, Wells Fargo, Mastercard, and smaller community outfits — Community Spirit Bank of Alabama and Mississippi, Michigan’s Grand Rapids State Bank, and Southern Bancorp of Arkansas — were part of a White House conference call Tuesday to announce their private help and outline their focus with the payroll plan.

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