The CEOs of JP Morgan, Bank of America, Citigroup, Wells Fargo and other major US banks will be questioned this week by lawmakers on a range of topics, from the state of the economy to their views on abortion and fuel loans. fossils.
Payment fraud, fostering diversity, mergers and access to bank branches will also be discussed when the CEOs appear before the House Financial Services Committee and the Senate Banking Committee on Wednesday and Thursday. respectively, bank officials, congressional aides and lobbyists said.
The CEOs of the four largest banks in the United States are quoted: Jamie Dimon. from J.P. Morgan; Brian Moynihan of Bank of America; Jane Fraser of Citi. and Charles Scharf of Wells Fargo.
They will be joined by USBancorp CEOs Andy Cecere; from PNC Financial, William Demchak and from Truist Financial, William Rogers, who lead the nation’s largest regional lenders.
While such hearings rarely result in legislative action, they are risky for CEOs, who will be forced to defend their banks as lawmakers seek to improve their profiles ahead of the November election.
Lawmakers are likely to grill officials about how consumers’ finances are holding up and how lenders plan to help Americans as borrowing costs rise.
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