Ceos from the countries six largest banks, including jane fraser of citigroup and Brian Moynihan from bank of america, testified before the House Financial Services committee on regulatory and oversight matters in the Banking Industry. They addressed several issues including the influence of chinese banks and the impacts of the pandemic. This is part one of a threepart hearing. This first portion of the hearing is two hours. The committee will come to order. Without objection the chair is authorized to declare a recess of the committee at any time. This hearing is entitled Holding Megabanks Accountable oversight of americas Largest Consumer facing banks. I now recognize myself for four minutes to give an opening statement. Testifying before us today we have the ceos of the seven largest u. S. Commercial banksre that each serve millions of consumers. As chairwoman of this committee i have t prioritized conducting rigorous oversight over our nations largest banks and their activities. La
That chair is authorized to declare races of the committee at any time. This hearing is entitled, Holding Meghan banks accountable. Oversight of americas Largest Consumer facing banks. I recognize myself for four minutes to give an opening statement. Testifying before us today, we have the ceo of the seven largest u. S. Commercial breaks that each serve millions of consumers. Chairwoman of this committee, i prioritize connecting rigorous oversight over our nations largest banks and their activities. Last year for these mega banks that survived for us. Since then our motion continues, to battling ongoing epidemic. Inflation that is affecting every household budget, russias invasion of ukraine, raising Interest Rates another crisis. And better that economy. In this environment, the role of banks played to protect consumers and provide access to Affordable Credit is absolutely critical. Over the past several years that weve seen several symptoms of banking across the country take a dramat
That chair is authorized to declare races of the committee at any time. This hearing is entitled, Holding Meghan banks accountable. Oversight of americas Largest Consumer facing banks. I recognize myself for four minutes to give an opening statement. Testifying before us today, we have the ceo of the seven largest u. S. Commercial breaks that each serve millions of consumers. Chairwoman of this committee, i prioritize connecting rigorous oversight over our nations largest banks and their activities. Last year for these mega banks that survived for us. Since then our motion continues, to battling ongoing epidemic. Inflation that is affecting every household budget, russias invasion of ukraine, raising Interest Rates another crisis. And better that economy. In this environment, the role of banks played to protect consumers and provide access to Affordable Credit is absolutely critical. Over the past several years that weve seen several symptoms of banking across the country take a dramat
Jon thats our show. Join us next week at 11 00. Here it is your moment of zen. Do the harlem shake captioning sponsored by Comedy Central theme song playing [eagle caw] [crowd chanting stephen] stephen welcome to the report. Thank you for joining us [cheers and applause] folks, i have to tell you, these folks [cheers and applause] [cheers and applause] folks, when you do that, you make me want to shake. [cheers and applause] nation, before we begin, i want to wish everyone a happy valentines day. [cheers and applause] i hope youre spending it with someone you love. And if youre watching my show, you are. [laughter] of course, when it comes to holidays, im an originalist. On christmas, its not santa claus, its sinterklaas. You leave out your shoes for him to fill with nuts and dried fruit, or, if youve been naughty, youre kidnapped by his moorish elfin sidekick black peter. [laughter] ho, ho, ho. [laughter] and i have the same rigorous standards for saint valentines day. I focus on what
Last week i made a huge mistake. I got caught up in the moment and i encouraged you guys to go to our Wikipedia Page and write anything you wanted. [laughter] i had not idea the direction you would take it. I feel terrible about it and the great people over at wikipedia were forced to lock our page due to the vulgar rampant vandalism. [laughter] now im going to read some of your rude remarks, but im not rewarding you for your bad behavior. [laughter] someone wrote tosh. 0 is pronounced smegma. [laughter] okay, thats not even close to how you say it. Would you do that to the Encyclopedia Britannica . I dont think so. Someone wrote that im currently being tested for hep c. [laughter] that seems personal. [laughter] and i certainly wasnt, born in the year boner. Although i dont really know the chinese calendar. [laughter] they said, the running time of tosh. 0 was 21 minutes, approximately 2 minutes of actual comedy. [laughter] thats actually a real entry. [laughter] this is where someone