Wall Street Bank CEOs to Testify Before Congress Next Month
- Committees in Senate, House schedule hearings May 26 and 27
- Heads of six largest banks are being called to Capitol Hill
This article is for subscribers only.
The chief executives of the largest U.S. banks, including JPMorgan Chase & Co. and Goldman Sachs Group Inc., are being called to Capitol Hill to testify before lawmakers next month.
The Senate Banking Committee and House Financial Services Committee scheduled hearings on May 26 and 27, respectively, to question the heads of six major banks, also including Bank of America Corp., Citigroup Inc., Wells Fargo & Co. and Morgan Stanley, according to a Thursday statement. The CEOs have appeared in Congress as a group twice since the 2008 financial crisis, and they were expecting these latest invitations.