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
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
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
On the latest news headlines. Good evening. The top stories. Thousands of israelis are gathering in jerusalem calling for the release of hostages still being held by the hamas terror group. It comes as today marks six months since the terror attack on the 7th of october, marking the occasion the Prime Minister rishi sunak, has said the government continues to stand by israels right to defend its security. And he added the uk is shocked by the bloodshed and called for an immediate humanitarian pause in fighting. He also urged hamas to release its hostages and implored israel to get aid into gaza. More swiftly. Meanwhile, gaza. More swiftly. Meanwhile, the foreign secretary has used the foreign secretary has used the occasion to stress that the uks support for israel is not unconditional. Writing in the unconditional. Writing in the sunday times, lord cameron said theres no doubt where the blame lies over the death of three british aid workers. And he added this must never happen again.
Relations and recent events in this country, including the secession attempt by catalonia. Also, the White House Press secretary Sarah Sanders at 2 00 p. M. Good afternoon and welcome. I am a former president of the National Press club. I am currently president of the society of American Business editors and writers. The National Press club is the worlds leading professional organization for journalists to our professions future through our programming with events such as this, while working to foster a free press around the world. For more information about the club, three please visit the website at press. Org. On behalf of our members, worldwide, i would like to welcome our speaker and those of you in the audience. Our head table includes guests of our speaker as well as working journalists. Constantly, we remind people that if you hear applause in the audience, we would like to note that general members members of the general public attend. We would also like to welcome our cspan a