Democratic Congressman Asks Bank CEOs Whether Their Successor Will Be a Woman or a Person of Color, and Their Response Was Painfully Predictable
How many CEOs of the country's largest financial institutions think their successors will be women or people of color? If you guessed "none," you'd be right.
CEOs from the largest U.S. banking institutions, including JP Morgan Chase and Bank of America, testified before the House Financial Services Committee today at a hearing called "Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 Years After the Financial Crisis." Looking at the row of panelists, Rep. Al Green had a question.