Chief executives of some of the largest U.S. banks appeared before Congress on W...
- Chief executives of some of the largest U.S. banks appeared before Congress on Wednesday, giving lawmakers their first opportunity to grill the lenders since the 2007-2009 financial crisis.
The tone, questions and players were distinctly different from a decade ago, when lawmakers focused on banks’ ability to safeguard the financial system and avoid future bailouts. Among the CEOs on the panel, JPMorgan Chase & Co’s Jamie Dimon was the only one who headed his bank before the financial crisis.
Ronald O’Hanley, CEO of State Street Corp, and Charles Scharf, CEO of Bank of New York Mellon Corp, the country’s two largest custody banks, also appeared. Citi’s Corbat declined to comment, citing an ongoing investigation into the matter. The Bank of America and Morgan Stanley CEOs said they had conducted internal investigations and did not find any suspicious activity.
Some Republican lawmakers criticized such policies on Wednesday, with Representative Bill Posey cautioning banks against withholding financing from legal business and Representative Sean Duffy accusing Bank of America of denying Americans their Second Amendment rights. Since the crisis, the country’s largest banks have added more than $800 billion in capital to bolster the financial system.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
U.S. bank CEOs face off with Congress for the first time since financial crisisChief executives of some of the largest U.S. banks will testify before Congress ...
Lire la suite »
NATO chief addresses Congress but appeals to Trump in anniversary speechJens Stoltenberg echoed the president in saying defense spending among alliance members must be fair.
Lire la suite »
Most successful millionaire CEOs are psychopaths—here's why it doesn't have to be a bad thingMost successful millionaire CEOs are psychopaths—here's why it doesn't have to be a bad thing via CNBCMakeIt
Lire la suite »
Feds charge CEOs, doctors in telemarketing scam that targeted Medicare recipients, costing taxpayers nearly $1 billionFederal government raids dozens of locations belonging to doctors and medical equipment companies suspected of taking part in a massive telemarketing scam that targeted Medicare recipients and cost taxpayers nearly $1 billion.
Lire la suite »
CEOs set to go under microscope at House hearing on ‘holding megabanks accountable’The CEOs from seven giant U.S. banks look set to get tough questions on Wednesday, as they appear before a Democratic-run House committee.
Lire la suite »
AOC and Wall St. CEOs to face off in what will be the stuff of high dramaTomorrow, CEOs of the nation’s largest banks — headlined by JPMorgan CEO Jamie Dimon — testify before the House Committee on Financial Services. That committee’s star member is Alexandria Ocasio-Cortez.
Lire la suite »