The heads of Wall Street s biggest banks used an appearance on Capitol Hill on Wednesday to plead with senators to stop the Biden administration s proposed changes to how banks are regulated, warning that the new proposals could be bad for the U.S. economy at a time of geopolitical turmoil and inflation.
NEW YORK The heads of Wall Street's biggest banks used an appearance on Capitol Hill on Wednesday to plead with senators to stop the Biden administration's proposed changes to how banks are regulate.
The bankers are against a number of proposed regulations that could hit their profitability, including new rules from the Federal Reserve that would require big banks to hold additional capital on their balance sheets
Big bank CEOs warn that new regulations could harm the economy finance-commerce.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finance-commerce.com Daily Mail and Mail on Sunday newspapers.
NEW YORK (AP) The heads of Wall Street s biggest banks used an appearance Wednesday on Capitol Hill to plead with senators to stop the Biden administration s proposed changes to how banks are regulated, warning the new proposals could negatively impact the economy at a time of geopolitical turmoil and inflation.