Axios, May 26, 2021, Biggest U.S. bank CEOs grilled over profits and priorities
The CEOs of the six biggest U.S. banks gathered before the Senate Banking Committee on Wednesday for the first time since the financial crisis in 2008 to face questions over their institutions’ roles in American life.
Why it matters: Banks’ record profits during the past year came as many Americans suffered job loss and economic and health insecurity. Along partisan lines, senators shared glimpses into very different views of the responsibilities of banks in the U.S. economy and society.
