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jpmorgan: Wall Street bank bosses warn lawmakers of economic toll from tough new rules

The industry has been waging a fierce campaign to kill the "Basel endgame" proposal, which overhauls how banks must calculate their loss-absorbing capital, and as regulators roll out fair lending and fee cap regulations, among other rules. ....

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Bank CEOs bring Basel III battle to Congress

Bank CEOs bring Basel III battle to Congress
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Wall Street bank CEOs warn U.S. lawmakers of economic toll from tough new regulations

The bank bosses hope to use the hearing as an opportunity to try to convince key moderate Democratic senators that the rules could stifle lending, hurting small businesses and consumers ....

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Bank CEOs bring Basel III battle to Congress

Bank CEOs bring Basel III battle to Congress
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Bank CEOs warn about a looming recession

The Senate Banking Committee held its annual hearing on Wall Street oversight. Lawmakers heard testimony from JPMorgan CEO Jamie Dimon, Citi CEO Jane Fraser and Bank of America CEO Brian Moynihan, in addition to the CEOs of Wells Fargo, State Street, BNY Mellon, Goldman Sachs and Morgan Stanley. ....

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