Posted by on September 23, 2022 11:42 am
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Republicans Warn Bank CEOs to Stay Clear of Growing Politicization, Social, Cultural Issues

Republicans on Sept. 22 urged the heads of the nation’s largest banks to avoid inappropriately taking liberal stances on social and cultural issues such as firearms and abortion.
JPMorgan Chase’s Jamie Dimon, Citigroup’s Jane Fraser, Wells Fargo’s Charles Scharf, and Bank of America’s Brian Moynihan and other chief executives testified Thursday before the Senate Committee on Banking, Housing, and Urban Affairs.
They were joined by the CEOs of the country’s largest regional lenders, US Bancorp, PNC Financial, and Truist.
During his opening statement at the hearing, Senator Pat Toomey (R-Pa.), the senior Republican on the Senate Banking Committee highlighted concerns about what he said was the growing number of banks who are “inserting themselves into highly charged social and political issues unrelated to their business.”…

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