Senate banking committee chair argues lobbying fight is ‘why people hate’ Wall Street and Washington
Wall Street’s most powerful banking executives warned Congress that new regulations on the industry proposed by the Biden administration risk hurting the US economy.
On the eve of an election year, with the threat of recession looming large, the bosses of JPMorgan Chase, Citigroup, Goldman Sachs and five other large firms urged policymakers to “be thoughtful” about the impact of the rules.
Associated Press and Reuters contributed reporting
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