Wall Highway Ceos show up on Capitol Hill because election looms

Washington – In what is an annual ritual, the fresh new Ceos of your biggest You.S. banking companies appeared in top of Congress on the Wednesday sell themselves as the shepherds regarding a useful globe at once of monetary and you may monetary distress for almost all People in america.

Democrats enjoys titled JPMorgan Chase, Financial off The usa, Wells Fargo and you will Citigroup so you can Arizona to express wallet affairs given that properties contend with the best rising prices while the early 80’s and the midterm election looms simply days away.

“If you are COVID is behind all of us, the economical demands we have been now up against are not any smaller challenging,” told you Citigroup Ceo Jane Fraser, within the commentary prepared for brand new hearing.

Goldman Sachs and you may Morgan Stanley, which work at capital financial, are not testifying this time. As an alternative, the latest Ceos of about three brand new banking companies will testify: Andy Cecere of You.S. Continue Reading