Ukranian troops hold off attacks by Russian Forces in the eastern don bass region president loaded me as the landscape condemned moscows tactics as crazy and the new space race. Why several nations are competing to put humans back on the moon. Scientists believe it can be a gateway to mars and beyond. Ah, im really mohammed welcome to the program, lebanon and israel have ended a long standing dispute over their shared maritime border. The 2 countries are still formerly at war, so leaders signed the agreement separately, both nations hope to benefit from offshore gas extraction within the formally disputed areas. You as President Joe Biden has called the deal historic. He w. Tonya kramer explains what the argument was about the mediterranean sea, off the coast, between israel and lebanon. These where contest that waters, both countries have long, been locked in dispute over where the maritime border lies. Behind the scenes, negotiations have gone on for several years. Now, israel and le
Brief recess with more questions including crypto currency, Cyber Security and hiring practices. They also touched on the economy and inflation. This is an hour and 45 minutes. The committee will come to order. The chair now recognizes the gentleman from guam, mister sam nicholas for five minutes, welcome. Thank you mister chairman, can you hear me okay . Thank you. Thank you mister chairman. I want to first begin by recognizing miss fraser and citigroup, the conversation im going to have to actually involves all the panelists but i wanted to begin with her company and herself as based on our research it looks like citigroup pays five times more in interest to its depositors than the rest of the individuals sitting at the table. Miss fraser if upcorrect your deposits are yielding. 05 percent interestrate . We believe we have, well we have a variety of different deposit products and we need them to be competitive and fair. The information i have here on your basic account policy is a. 0
Thank you so much mister chairman. Can you hear me okay . Unclear. Thank you mister chairman. I want to you first begin by recognizing mr. Fraser and citigroup, the conversation im going to have involves all the patent list, but i want to begin with her company and herself. Based on our research, it looks like citigroup pays five times more in interest to its depositors than the rest of the individuals sitting at the table. Miss frazier, your deposits are currently 0. 5 Interest Rate . We believe we have a variety of different deposit products. We believe them to be competitive and fair. The information i have here on your basic account package is a 0. 05 Interest Rate, is that correct . One of our products has, that that is correct. For the rest of the panel, is it fair to say that my members here are accurate for the remainder youre paying about 0. 01 on deposits . That is inaccurate. Can you please clarify then for me the figure . Yes, our base account pays about the same as the cit
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
It is not yet available today, mr. Chairman, we do have industry and government involvement on developing those standards. Because we have to develop a standard in order to implement that technology into the network. Well, if you could have heard all of the hearings that we have had, and just to complicate matters, a lot of them dont originate in this country. They are from a foreign country, and that means youve got to work with another government in order to get them to cooperate to go after the guys. So that makes it doubly difficult and longer and longer and, therefore, the development of technology that will help someone identify a number of them who gets spoofed, that would be extremely helpful in the protection of senior citizens, indeed, protection of customers. Because of the vote that is now occurring, i want to say that i want to bring to the table retailers who offer the services to send money, such as western union, moneygram, and the various cards. Were going to have a fu