- September 19, 2022
- Posted by: Stratford Team
- Category: Economy
WASHINGTON, Sept 19 (Reuters) – The chief executives of JPMorgan , Bank of America , Citigroup , Wells Fargo and other major U.S. retail banks will be grilled this week by lawmakers on a slew of issues, from the state of the economy to their stances on hot-button issues including abortion and fossil-fuel lending.
Payments fraud, boosting diversity, mergers and access to bank branches, are also expected to feature when the CEOs appear before the House Financial Services Committee and Senate Banking Committees on Wednesday and Thursday, respectively, according bank officials, congressional aides and lobbyists.
The line-up includes the CEOs of the four largest U.S. banks: JPMorgan’s Jamie Dimon, Bank of America’s Brian Moynihan, Citi’s Jane Fraser and Wells Fargo’s Charles Scharf. They will be joined by USBancorp (USB.N) CEO Andy Cecere, PNC Financial (PNC.N) CEO William Demchak, and Truist Financial CEO William Rogers, who run the country’s largest…
