Bringing housing and affairs will come to order. Thank you from our eight witnesses today. Senator, thank you for your work on this. The eight bank ceos appearing before us today lead the biggest global systemically important banks of the United States of america, your banks hold nearly 15 trillion in assets, manage trillions of dollars of investments and retirement accounts, fund the Biggest Companies in our country. You hold nearly half the nations deposits, more than 80 trillion in client assets, your banks touch almost every aspect of our Financial System and working americans money, even if they are not your customers. All of that makes you eight of the most powerful people in the country, the banks iran are so large, so complex, so interconnected, that their distress or failure could pose a threat to the entire global Financial System. You may be private companies, but the risks you take and the mistakes you make dont just affect you, they dont even just affect your customers, no
Thats very meaningful to this board and staff and we had a Community Panel advise us on the topic of trust and government. And i personally have taken away very many meaningful remarks and advice from that panel of community members. So i hope to be able to do more topics like that in the future since we have to adopt the budget in april. That is what were focused on today. And uh, vice chair karina and i very much want to make sure that we center time throughout 2024 on topics like trust and government, topics that are meaningful to you. And so we want to make sure that you have a chance to share with us today your priorities. So im going to ask you, as we go through the presentations today to think about three questions. And we have set aside meaningful time in the agenda to be able to discuss these colleagues. These questions are in your timed agenda, but lets read them out loud for everyones benefit. First is what information do you all need as Board Members to be able to adopt the
Oversight of wall street. Topics included International Competitiveness of us banks, proposed regulations that increased Capital Requirements aexrand access to capital for Small Business owners,veterans and underserved communities. Piggy â– hauser affairs will come to order. Senator scott, thankyou for your work on this. Ceos appearing before us daithe biggest global systemically important bankswi in the United States of america. Thanks old nearly 15 trillion in assets, manage trillions in investments and retirement accounts from the Biggest Companies in our country. Youll old nearly half the nations deposits, 80 trillion in client assets. Your banks touch ever of our Financial System even if they are not your customers. All that makes you eight onof the most powerful people in the country complex, so interconnected that their distress or failure pose a threat to the Financial System. You may be private companies but the risks you take mistakes you make dont just affect you, they dont
Goldman sachs, wells fargo. Senate Banking Committee oversight hearing is about 3 hours. Senator scott, thank you for your work on this. The eight bank ceos appearing before us today lead the biggest global systematic banks in the United States of america. Your banks hold nearly 15 trillion in assets, manage trillions of dollars of investments and retirement accounts, fund the Biggest Companies in the country. You hold nearly half of the nations deposits, more than 80 trillion in client assets. Your banks touch almost every aspect of our Financial System in workingamericans money even if they are not your customers. You may be private companies but the mistakes you make dont just affect you, they dont even affect just your shareholders or just your workers, the mistakes you make affect the whole economy and as we remember from 2008, 2009 they can certainly affect american taxpayers. That amount of enormous power should also come with enormous responsibility. We finally have financial w
News, theres one, theres one here, here, here. So thats 81 live. In 130 meter drive the we have this project where were testing takes from all over the country. These are checks that are coming into contact with people there in the south. Theyre in the far west and that means that these things are everywhere. The, there is an epidemic disease spreading across the united states. Its called lyme disease. Its serious and can be fatal. As it digs in for a meal of blood, it can inject the german carries right into your bloodstream, shaped like a corkscrew and coldest spiral keeps. First cousin, if the spiral keeps it, causes syphilis, and equally elusive disease causes centers that looked like dementia, alzheimers disease multiple sclerosis aos. Meanwhile, debate is growing over the proper treatment for line disease. Most cases respond to treatment was under biopics, but others do not. Whether they suffer from a chronic form of the disease is a hotly contested debate among doctors, patients