"Insights and Expectations: Wall Street CEOs Testify Before Congress"
Originally Published 2 years ago — by Yahoo Finance
The CEOs of America's largest banks, including JPMorgan Chase, Goldman Sachs, and Bank of America, will testify before Congress on Wednesday to discuss the state of the banking sector and the proposed Basel III endgame measures. The CEOs have been lobbying against the higher capital requirements, arguing that they will create more risk in the financial system and negatively impact capital markets functioning. The hearing is expected to cover a range of topics, including consumer issues, credit card late fees, executive compensation, and the national debt.