Wall Street CEOs in Attack Mode on Capitol Hill Over New Rules

The heads of Wall Street’s biggest banks took their most direct swing yet at Washington’s plans to force them to set aside more cash as a buffer against losses.

The bankers on Wednesday went on the attack on Capitol Hill after more than a decade of playing defense at oversight hearings by the Senate Banking Committee, and just six months after the collapse of several lenders prompted concerns about the health of the finance industry. One by one, executives confidently told lawmakers their institutions were safe and that everyday Americans would ultimately pay the price if tougher rules are ...