The chiefs of the nation’s biggest banks, about to testify jointly to Congress for the first time since 2009, will say the postcrisis reforms worked
WASHINGTON—The chief executives of the largest U.S. banks plan to tell Congress this week that the financial system is less risky and more tightly supervised than it was a decade ago thanks to a series of regulatory reforms implemented in the wake of the 2008 financial crisis.
In testimony prepared for the House Financial Services Committee, bank chiefs including JPMorgan Chase & Co.’s James Dimon, Citigroup Inc.’s Michael Corbat and Goldman Sachs Group Inc.’s David Solomon plan to paint a rosy overall picture of an industry...
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