Cybersecurity
House Democrats Grill Bank CEOs: ‘Things Are Changing’
- Seven industry leaders take heat on expansive range of topics
- Yet with no major gaffes, their stocks gain about $6 billion
This article is for subscribers only.
A decade after the financial crisis, the chiefs of the largest U.S. banks faced a grilling from lawmakers on everything from income inequality to their ties to politically controversial industries.
The spectacle -- meant to send a message that the Democratic-controlled House is ratcheting up oversight of the industry -- was enough to bring Lloyd Blankfein, who stepped down as chief executive officer of Goldman Sachs Group Inc. last year, off the sidelines. “Boy, I really miss my old job!!!,” he wrote on Twitter.