Business
Wall Street Bank CEOs on Capitol Hill
The CEOs of some of the biggest US banks — including Jamie Dimon of JPMorgan, Brian Moynihan of Bank of America and Jane Fraser of Citigroup — are scheduled to testify before the US Senate Banking Committee’s annual Wall Street oversight hearing.
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After decades of quietly amassing billions of dollars in land, the institution is investing in more deals and planning massive projects that stand to reshape communities. Bloomberg’s Natalie Wong, Ann Choi and Katie Meyer explain.
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Apple unveiled a new device called the HomeView, a $299 display that serves as the centerpiece of its push into the smart home market. The product will be available Nov. 13. Ryan Vlastelica reports on Bloomberg Television.
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Rick Wurster, president and CEO at The Charles Schwab Corporation, discusses customer trends in investing, efforts to attract younger investors, and why the firm is blocking unauthorized AI agents. He speaks on Bloomberg Television.
(Corrects spelling of “Charley” in video headline)
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CoreWeave Chief Executive Officer Mike Intrator said the market is acting “irrationally” and that he remains confident in the AI cloud company’s business model. Nick Turner has more on “The Asia Trade.”
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Aug.10 — Tencent continues to fall following President Donald Trump’s move to ban WeChat. Over the past two days, the stock has lost more than $66 billion of market value. Bloomberg’s Zheping Huang reports on “Bloomberg Daybreak: Asia.”
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@user-dg4ui4sj2t
December 11, 2023 at 12:10 am
These CEOs are the best
@user-dg4ui4sj2t
December 11, 2023 at 12:10 am
Banks are great!❤❤
@user-dg4ui4sj2t
December 11, 2023 at 12:10 am
God bless the banks
@user-le4nd9bu5x
December 11, 2023 at 12:10 am
Oh they messed up, lets bail them out, again again and again, 5 times in my life.
@richardmixon8177
December 11, 2023 at 12:10 am
These bankers had their chance, the world hates them with a passion. It's time to transcend our way of banking. Get rid of the old ways & adjust to the future of digital currency. CBDC will never work. Has to be digital Gold, with a limited supply. Preferably backed by a resource, like Gold, oil, copper, mercury, or Quartz…
Eternal Rewards for holding
@richardmixon8177
December 11, 2023 at 12:10 am
Let's not forget that we have to pay the interest on all debt borrowed.
We are done asking for change.
We will create change, they can follow or get left behind. The future is coming regardless. Banks will be outdated & replaced by AI & Blockchain technology. We are the future, they are relics like Blockbuster in the Netflix era.
@MRcucchie
December 11, 2023 at 12:10 am
This Congress is rigged and corrupt.
@Bannedbooks440
December 11, 2023 at 12:10 am
This was unexpectedly THRILLING to watch. The algorithm usually gives me thirsttraps but this was a pleasant surprise.
@llouiebommaritob255
December 11, 2023 at 12:10 am
gangsters equals banksters
@MiddleAgedMillenial
December 11, 2023 at 12:10 am
Prior to 2020 the banks had a required reserve, so how would returning to that, truly be negative to anyone other than banks? They just want to use every dollar they have to make another dollar. But it’s never that certain. Let’s just return the required amounts to what they were prior to trump, Covid and these bank crashes.
@jagwa95
December 11, 2023 at 12:10 am
All The big thievis are at capital hill making 99 percent of the population poorer
@demonbloodart.brainaccess1108
December 11, 2023 at 12:10 am
Dark hedgefund AIs, together with the banks, will control the market risk in the next generation..
@ZaldyAndaya-er9ox
December 11, 2023 at 12:10 am
Thanks so much all the senate
Good bless you Amen📉📈♥️🙏
@davidwthomson9641
December 11, 2023 at 12:10 am
Elizabeth Warren net worth 80M (?) I wonder if its her government salary that did that.. or perhaps she's just friendly w the banks on their legacy system?
@kiranas
December 11, 2023 at 12:10 am
I have a solution to USA debt crisis and not printing money and not classical ways by USA or Fed. A out of box solution that will change the world, solve most world problems not just debt crisis.. importantly solution that can be easily accepted by USA and rest of the world too. It won't change the existing world setup too. All with royalty from the world, to me and my country of residence , India. The solution uses classical wisdom of economy, by Indian culture and probably most other parts of the world too… Is USA and India interested?
@CRAZYCR1T1C
December 11, 2023 at 12:10 am
Turkeys and Christmas votes come to mind here
@BMOThebot
December 11, 2023 at 12:10 am
Can someone give a TL;DR summary? Maybe timestamps too
@danfoley6348
December 11, 2023 at 12:10 am
Hand jibbers for everyone, ie… in other words WE ARE OVEREXTENDED AND WOULD NOT BE ABLE TO MEET THE NEW REQUIREMENTS…..
@saivamsikrishnaposani7157
December 11, 2023 at 12:10 am
John fetterman😂
@nathanpen
December 11, 2023 at 12:10 am
What a joke. A bunch of rich bankers pretending that Bitcoin is involved in terrorist activities. They are using the tried and trusted means of killing their competition…..say its involved in terrorism.
@user-dj6eg8uy3b
December 11, 2023 at 12:10 am
Horse and Pony show They know all the questions before hand none of the banker look stress the senate is bought and payed for !!
@alana3769
December 11, 2023 at 12:10 am
All of them crooks , hypocrite and corrupt from the banking sector. Thanks to all the banks, back in 2008 and to this day of continuous bank failure and the government have to bail them out, that's why bitcoin was created.
@dmac5808
December 11, 2023 at 12:10 am
If this doesn't encourage you to go out and vote after listening to a man who paid more fines for doing and overseeing some of the most corrupt banking practices in US history. Nothing will.
How can anyone take advice from Jamie Dimon? The man who paid more fines for doing and overseeing some of the most corrupt banking practices in US history.
@maiabailey6662
December 11, 2023 at 12:10 am
watching from Aotearoa.. love US politics a real opener..
@SgtScott
December 11, 2023 at 12:10 am
Not much of a hearing everyone looks way too comfortable.
@tommyeschung
December 11, 2023 at 12:10 am
what is wrong with senator warnock?
@Me2EyeSay
December 11, 2023 at 12:10 am
This is so obvious. This committee should have people with sufficient banking experience. These bank CEOs are playing the committee here and the feedback here goes to Powell who will lower rates too soon.
@nacyowen5714
December 11, 2023 at 12:10 am
The democrats caused this mess by overspending, leading to higher rates. Seems foolish to punish the big banks which are doing the right thing.
@rebeccavoodoo2191
December 11, 2023 at 12:10 am
Banking Loan Sharks that cause financial debacle in 2007 thieves …and money laundering —none got indicated ! Gold y Bitcoin here to stay 34 trillion hemorrhaging massive debt 700 billion interest annual payments …this is a kangaroo nonsense
@dnnickalexander89
December 11, 2023 at 12:10 am
I went in Wells Fargo a few months ago with a check for 30k. And they didn't even want to talk to me. The first time I came in I came to open a business account and to see about getting a credit card. I went in again to open a cd same thing. They didn't even want to help me or look at my information. LAWSUIT COMING. Wells Fargo Brookhurst. Fountain Valley, Ca.
@davidyoder-rh4wf
December 11, 2023 at 12:10 am
Quit consuming
@TxRedMan
December 11, 2023 at 12:10 am
1.5x pb speed
@oomahuntressprotectress848
December 11, 2023 at 12:10 am
while well intentioned, it is absurd for the banks to consider their clients as anything other than, hopefully valued, 'customers' its not their word but something like that
and you want them to consider clients as races? this is not Germany of the 1930s!
it is completely out of their jurisdictions to do such, there is always charitable endeavors they have the leeway to do what they wish on that account, be they private, or tethered public
the Senator perhaps feels anxious about the quality of the local, state, Federal, governments and as well the Citizenry itself to accomplish accurate compense to the people! whatever their 'subcategories' may be!
(i suppose there is a need for a Bank that is based on the concept of 'redistribution of wealth' ?)
@frankylesage962
December 11, 2023 at 12:10 am
Corruption 24 / 7 ! People Don’t trust Banks No More ! You electronic money Make us feel More Angry !
@jayadsilva67
December 11, 2023 at 12:10 am
Got to jail all of them. Starting with Jamie Dimon.
@uriyahskky3030
December 11, 2023 at 12:10 am
JPM DIAMOND just said it was all falling apart…and to get out of stocks quick before it all crashes….now hes all cheery and everythings OK? its all cryptos fault??? lmao you cant make this stuff up
@ryanarmstrong6540
December 11, 2023 at 12:10 am
David Solomon, Well said. And close of benefit was great.
@duran9664
December 11, 2023 at 12:10 am
F legacy finance &corrupt regulators🤢🤢🤮
DeFi TODAY🤏
DeFi TOMORROW🤏
DeFi FOREVER🤏
@Ray-ru3pc
December 11, 2023 at 12:10 am
1:21:48 NY does not have a voter identification law, senator vance is lying. You can vote in NY without showing ID as long as you’re registered to vote, just like every other state. Prime example of senators trying to sound impressive by inventing things.
@RBturbolover
December 11, 2023 at 12:10 am
Fetterman in a damn sweatshirt not knowing WTF he’s talking about…or how to even get a coherent sentence out…how did he get elected??? …2023 is wild.
@randyosborne3971
December 11, 2023 at 12:10 am
Coinbase is corrupt. Bitcoin should be shutdown.
@FocusProj
December 11, 2023 at 12:10 am
Jane Fraser is out of her depths in this public circus 😅
Talking about equality, she would fail an internship interview sweating like that
@user-nu1tk6bh6h
December 11, 2023 at 12:10 am
no bailouts! AGAIN…..and again…lol…and bonuses…again.