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Banks Flex Muscle With $23 Billion Gain as Congress Scolds CEOs

  • Lenders endure two days of hearings without major missteps
  • Dimon sticks out as most outspoken of Wall Street leaders
House Democrats, Biden At Odds Over Enhanced Child Tax Credit
Photographer: Stefani Reynolds/Bloomberg

Wall Street CEOs spent two days being grilled by lawmakers. Their companies gained more than $23 billion in market value.

The heads of the six biggest U.S. banks absorbed Democrats’ jabs over their firms’ treatment of consumers, climate change and for not doing enough to promote racial justice. Republicans chimed in, too, bashing lenders for shunning politically unpopular businesses in the U.S., while financing Chinese companies.