Congress to scrutinize big US bank CEOs on social and consumer issues

High executives of massive U.S. banks, together with Wells Fargo, Citigroup, JPMorgan, Financial institution of America and others, are scheduled to be questioned by Congressional lawmakers this week on shopper points.

Lawmakers wish to know extra about regarding social points with main U.S. banks. The questions are anticipated to the touch on many points, together with the state of the financial system and their positions on large points like abortion and fossil-fuel lending, Reuters reported.

Different subjects the chief executives are anticipated to be grilled on embrace boosting variety, entry to financial institution branches, funds fraud, and mergers because the CEOs face the Home Monetary Providers Committee and the Senate Banking Committee on Wednesday and Thursday.

The CEOs of the 4 largest U.S. banks are scheduled to attend, which embrace, JPMorgan’s Jamie Dimon, Financial institution of America’s Brian Moynihan, Citi’s Jane Fraser, and Wells Fargo’s Charles Scharf.

USBancorp CEO Andy Cecere, PNC Monetary CEO William Demchak, and Truist Monetary CEO William Rogers may also be a part of them. Truist Monetary runs the most important regional lenders in america.

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