As stocks are dropping, the comparisons to the 2007-2009 financial crisis are natural. But they're also not entirely accurate.
"This is not a financial crisis," said Citi (C) CEO Michael Corbat. "Banks are in solid shape."
The CEOs of America's big banks and financial institutions met with President Donald Trump in Washington this afternoon.
Bank of America Merrill Lynch (BAC) CEO Brian Moynihan added "we're very strongly capitalized."
At the same time, the virus poses a unique challenge for policy makers as well as businesses, said Goldman Sachs (GS) CEO David Solomon.