Bank CEOs ask Congress to loosen capital requirements
For the first time since the financial crisis, the CEOs of the largest US banks testified to the House Financial Services Committee. James Gorman of Morgan Stanley, Jamie Dimon of JPMorgan Chase and Bank of America’s Brian Moynihan asked Congress to lower the high capital requirements. They say the rules, put in after the financial crisis, […]
For the first time since the financial crisis, the CEOs of the largest US banks testified to the House Financial Services Committee. James Gorman of Morgan Stanley, Jamie Dimon of JPMorgan Chase and Bank of America’s Brian Moynihan asked Congress to lower the high capital requirements. They say the rules, put in after the financial crisis, stifle lending.
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