Bernanke, BOJ, Dimon, Goldman, IRS Probe: Week Ahead May 20-25

U.S. Federal Reserve Board Chairman Ben S. Bernanke testifies to a congressional committee on the outlook for the world’s largest economy in the coming week.

The Bank of Japan meets to set monetary policy and may upgrade its assessment of the third-biggest economy.

JPMorgan Chase & Co. shareholders decide whether Jamie Dimon can continue to be both chairman and chief executive of the biggest U.S. bank.

SABMiller Plc, Home Depot Inc., Vodafone Group Plc and Gap Inc. are among companies reporting results.

Bayern Munich and Borussia Dortmund meet in an all-German final of the Champions League, Europe’s top club soccer competition.

MONDAY, MAY 20

TUESDAY, MAY 21

---Offshore taxes and Apple’s Tim Cook. The Apple chief executive will testify about the iPhone maker’s offshore tax practices before the Senate Permanent Subcommittee on Investigations, according to two people familiar with the matter. The committee has been examining Microsoft Corp., Hewlett-Packard Co. and Apple. Apple has $40.4 billion in earnings outside the U.S. on which it hasn’t paid U.S. taxes. 09:30 in Washington.

WEDNESDAY, MAY 22

--Iran sanctions. The U.S. House Foreign Affairs Committee votes on a bill that would allow President Barack Obama to further restrict commercial trade with Iran, and would enable additional sanctions if the U.S. determines Iran’s Islamic Revolutionary Guard Corps is a foreign terrorist organization. The full House is likely to vote on the measure in June. The Senate is working on a complementary bill that would limit Iran’s access to foreign currency. Both measures have bipartisan support. 10:00 in Washington.

THURSDAY, MAY 23

FRIDAY, MAY 24

SATURDAY, MAY 25

Note to our readers: Click on blue ECONOMY headline at bottom of each day for access to Bloomberg’s complete global economic calendar.

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