Magazine : Archives : 3rd Quarter 2021

Point of View

Congress Doesn’t Like What It’s Sowed Every big bank CEO these days knows that a public lashing from Sen. Elizabeth Warren is a rite of passage. The Democrat from Massachusetts recently grilled the CEOs of the six largest banks in front of the Senate Banking Committee, saying it was “baloney” that they took care of their customers during the pandemic, adding that JPMorgan Chase & Co. was the “star of the overdraft show.” Even though Congressional action facilitated the growth of the biggest banks in the country, some members of Congress don’t like what they’ve sowed. Big banks became a...