[inaudible] mr. Nicholas. 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
Kremlin rising, the man who ran washington, about former secretary of state james baker, and the dider, trump in the white house, 2017o 2021. Join in the conversation with your phone calls, facebook comments, texts and tweets. Indepth with peter baker and susan glasser, live sunday december 4th at noon eastern on book tv, on cspan two. Ceos from americas biggest banks testified before the House Financial Services committee on regulatory and oversight matters in the making banking industry. They also touched on Customer Data protection and working with underserved, underbanked communities. The chair is authorized to declare a recess of the committee at any time. This hearing is entitled holding mega banks accountable, oversight of americas largest consumer, but i now 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 banks that each served millions of consumers. The chairwoman of this committee
Mr. Nicholas. 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 s
The committee will come to order. 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 bankin
[inaudible] [inaudible] [inaudible] [inaudible] about those are to think about the committee will come to order. Thank you so much mister chairman, can you hear me okay . Loud and clear, yeah. Thank you mister chairman. I want to first begin by recognizing miss frazier and city group. The conversation i am going to have will involve all of the panelists. I want to begin with her company and herself. Based on our research it looks like they pay five times more interest to its depositors and the rest of the individuals sitting at the table. Miss frazier, is it correct that your deposits are currently yielding 0. 05 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