CEOs

Republicans warn bank CEOs to steer clear of growing politicization, social and cultural issues

Republicans warn bank CEOs to steer clear of growing politicization, social and cultural issues

On Sept. 22, Republicans urged the leaders of the nation’s largest banks to avoid taking inappropriately liberal positions on social and cultural issues such as guns and abortion. Jamie Dimon of JPMorgan Chase, Jane Fraser of Citigroup, Charles Scharf of Wells Fargo and Brian Moynihan of Bank of America and other chief executives testified Thursday …

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Lawmakers blame big bank CEOs for failing to raise interest rates on savings

Lawmakers blame big bank CEOs for failing to raise interest rates on savings

Congressional lawmakers criticized U.S. bankers this week for failing to raise interest rates on savings accounts held by ordinary consumers despite a series of major federal funds rate hikes by the Federal Reserve. Interest rate hikes by the Fed make it more expensive for banks and other financial institutions to borrow money from each other, …

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