Big bank CEOs testify before Congress: Top takeaways
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#bigbank #ceo #congress #yahoofinance The CEOs of America’s largest banks, including Bank of America (BAC) Chairman and CEO Brian Moynihan, JPMorgan Chase (JPM) Chairman and CEO Jamie Dimon, Citigroup (C) CEO Jane Fraser, and more, testified before the Senate’s banking committee as part of Congress’s annual oversight of the financial sector. The controversial capital requirements proposed by the Federal Reserve came up repeatedly throughout the hearing, with many CEOs opposed to the provisions or in favor of amendments before the requirements go into effect. Here are the top takeaways that investors need to know. Small business lending (00:00:24) Banking analyst Meredith Whitney of Meredith Whitney Advisory Group broke down the […]