As the fall midterm election season heats up and a stack of proposed banking bills await potential action, CEOs from the largest consumer-facing banks in the U.S. will testify in the House and Senate.
CEOs from the largest consumer-facing banks in the U.S. are scheduled to testify on Capitol Hill this week in both the House and Senate as the fall midterm election season heats up and a stack of proposed banking bills await potential action.
Despite the glare of the spotlight on the bank CEOs, BTIG said that they will be listening for lawmaker and witness commentary regarding bank M&A, the asset cap currently imposed on Wells Fargo, the state of the economy, and competition with nonbank challengers. BTIG does not expect any major policy changes or revelations from the hearings.
U.S. Bancorp USB, +0.61% CEO Andy Cecere, PNC Financial Services Group PNC, +0.90% CEO William Demchak and Truist Financial Corp. TFC, +0.78% CEO William Rogers Jr. are also on the calendar. Also Read: Democrats raise more money than Republicans in 9 out of 10 competitive Senate races, channeling voter ‘energy’ after Roe overturned
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