Republicans Warn Bank CEOs to Stay Clear of Growing Politicization, Social, Cultural Issues

U.S. Senator Pat Toomey (R-Pa.) during a hearing in the Dirksen Senate Office Building on Capitol Hill in Washington, on April 10, 2019. Chip Somodevilla/Getty Images

Republicans on Sept. 22 urged the heads of the nation’s largest banks to avoid inappropriately taking liberal stances on social and cultural issues such as firearms and abortion.

JPMorgan Chase’s Jamie Dimon, Citigroup’s Jane Fraser, Wells Fargo’s Charles Scharf, and Bank of America’s Brian Moynihan and other chief executives testified Thursday before the Senate Committee on Banking, Housing, and Urban Affairs.