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Bank CEOs to Go Before Congress, With Economy and High Inflation in Focus
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WASHINGTON—The heads of seven of the largest U.S. banks are set to face questions from Congress on hot-button issues including money-transfer scams, the state of the U.S. economy and a credit- and debit-card code that identifies when purchases are made at firearms stores.
Bank chief executives, including JPMorgan Chase & Co.’s Jamie Dimon, Citigroup Inc.’s Jane Fraser and Wells Fargo & Co.’s Charles Scharf, plan to offer a favorable picture of an industry they say helped the economy recover from a pandemic-induced recession, according to prepared remarks. Two days of hearings start Wednesday.
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