News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Investment Banking

Big bank chiefs spar with Democrats at US Congress hearing

CEOs quizzed on topics including safety, Russia and gun-industry ties

JP Morgan Chase chief executive James Dimon (l) and others are sworn in before Congress
JP Morgan Chase chief executive James Dimon (l) and others are sworn in before Congress Photo: Getty Images

The chief executives at seven of the largest US banks faced adversarial questioning from House Democrats on Wednesday, as lawmakers evaluated changes in the industry since the financial crisis.

Bank chiefs including JPMorgan’s James Dimon, Citigroup’s Michael Corbat and Goldman Sachs’s David Solomon told sceptical lawmakers that their firms were safer and more tightly overseen than they were a decade ago.

WSJ Logo