Treasury Lines Up Bankers to Handle Coronavirus Business Loans
- Perella, Moelis to advise Treasury Department on federal loans
- Mnuchin says banks’ fees equivalent to charitable work
A uniformed U.S. Secret Service officer walks past the U.S. Treasury building in Washington, D.C., on April 1.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
The Treasury Department has retained several Wall Street banks to assist with loans to three industries during the coronavirus crisis.
PJT Partners will handle loans to airlines, while Perella Weinberg Partners will assist companies involved in national security, Treasury Secretary Steven Mnuchin said Thursday at a White House briefing. Boeing Co. will be receiving aid on national security grounds. Moelis & Co. will work with companies in the cargo industry.