Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee
#NNPA BlackPress

Waters at Hearing with Megabank CEOs: Megabanks Have Treated Fines as Cost of Doing Business

NNPA NEWSWIRE — WASHINGTON – Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following opening statement at hearing entitled, “Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis.” […read more]

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Read below for 10 tough questions Committee Democrats asked the CEOs to answer during the hearing.
#NNPA BlackPress

ICYMI: At Hearing with Megabank CEOs, Committee Democrats Ask Hard-Hitting Questions

NNPA NEWSWIRE — WASHINGTON – Yesterday, at a hearing entitled, “Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis,” Committee Democrats asked the Chief Executive Officers (CEOs) of seven of the nation’s largest financial institutions tough questions on behalf of hardworking consumers. […read more]

Business

FDIC Sues Banks Over Rate Rigging

[Fox Business] The Federal Deposit Insurance Corporation – one of the main U.S. bank regulators – sued many of the world’s largest banks on Friday, charging them with rigging a key global interest rate. JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C),  and Barclays Read More