Big Bank CEOs Field Questions From Congress On Wall Street Practices

The transcript covers a Senate Banking Committee hearing where Wall Street leaders were questioned about their business practices and the need for government regulations. The discussion emphasized the importance of making the economy work for everyone, not just the wealthy. It also highlighted the collective response to the pandemic and the ongoing recovery efforts. The banking industry, previously blamed for the Great Recession, is now trying to improve its image by assisting struggling borrowers and businesses.

What were the main concerns raised by lawmakers during the Senate Banking Committee hearing?

What proof did lawmakers seek from Wall Street leaders regarding their business practices?

How did the pandemic impact the relationship between banks and borrowers?

What actions did the government take in response to the economic challenges posed by the pandemic?

In what ways did the banking industry attempt to improve its image following the Great Recession?