September 29, 2023

Brown Announces Big Bank Oversight Hearing

Today, U.S. Sen. Sherrod Brown (D-OH), Chair of the Senate Banking, Housing, and Urban Affairs Committee, announced that the committee will hold its annual hearing to conduct oversight of the nation’s largest banks. The participating CEOs are from the eight Global Systemically Important Banks (G-SIBs) headquartered in the U.S.: JP Morgan Chase, Bank of America, Citigroup, Goldman Sachs, Bank of New York Mellon, Morgan Stanley, State Street, and Wells Fargo. The hearing is scheduled for Wednesday, December 6, 2023.

“My commitment as chair of this committee is to always put the Main Street economy – and the workers who power it – at the center of everything we do. Part of that commitment is to hear directly from the biggest banks that hold too much power in the economy. It’s our job to hold them accountable to their workers, to their customers, and to the American people,” said Brown. “This December we will bring the nation’s biggest banks before us for the third year in a row. Wall Street megabanks continue to make record profits and to reward corporations that raise prices on Americans.”

Brown has held a hearing with the CEOs of the nation’s largest banks every year since he became Chairman in 2021.