Chief executives of some of the largest U.S. banks will testify before Congress ...
- Chief executives of some of the largest U.S. banks will testify before Congress on Wednesday, giving lawmakers their first opportunity to grill the lenders since the 2007-2009 financial crisis.
Led by Democratic Representative Maxine Waters and staffed with some high-profile progressives including Alexandria Ocasio-Cortez, the panel will likely quiz the CEOs on the safety of the financial system, compensation and diversity, as well as their role in financing gun-makers and private prisons. The executives plan to argue Wall Street has reformed the practices that fueled the crisis and to stress the contribution banks make to the broader economy, testimony released on Monday showed.
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