MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
|
|
CEOs of 7 mega banks challenged by House committee
By artappraiser on Wed, 04/10/2019 - 4:23pm |In one of tensest moments of the hearing, the JPMorgan Chase CEO acknowledged that his bank had benefited from slavery.
By Renae Merle @ WashingtonPost.com, April 10
One by one, the leaders of seven of the country’s largest banks told skeptical House Democrats on Wednesday that a decade after the global financial crisis, the industry is financially healthier and less risky [.....]
When the committee last held such a hearing, the nation was still reeling from the Great Recession, and the banks’ chief executives were defending having taken billions in taxpayer bailouts. Since then, the banking industry has largely repaid taxpayers and rebounded to record profits [....]
Lawmakers grilled the chief executives — all white men — on the diversity of their companies, their salaries and their policies toward gun manufacturers [....]
URL:
https://www.washingtonpost.com/business/2019/04/10/ceos-mega-banks-will-testify-before-house-committee-heres-what-expect/?utm_term=.4c5d6ed6c26e
- 286 reads