Bank CEOs Headed to Congress Due for Grilling Over Drop in Loans

Wall Street banks spent the pandemic making record profits. Now Democratic lawmakers want them to explain why they haven’t deployed more of that money to help struggling Americans.

Frustration with the pace of lending to consumers and small businesses -- something bankers say is largely attributable to a lack of demand -- is poised to be a flashpoint when the heads of the six biggest U.S. firms appear before Congress this week. The executives plan to highlight the industry’s role in marshaling government assistance programs that doled out hundreds of billions of dollars in stimulus. But Senator Elizabeth Warren and ...