Other topics that have come up in practice sessions include the amount of taxes the executives pay and stock buybacks. Some banks are also concerned that Democrats may home in on issues like the financing they provide for private prisons and oil and gas pipelines.
A few firms have their own specific landmines that may be raised by lawmakers. Goldman Sachs is caught up in a massive corruption scandal in Malaysia. Citigroup and Bank of America, according to people familiar with the matter, expect they may be hit by Republicans over their decisions to stop doing business with some firearms manufacturers.
Goldman Scrutiny
The two executives expected to get the most attention are Dimon and Solomon.
Dimon is the longest serving CEO of the group whose tenure dates back to before the crisis. He’s a frequent visitor to Washington and has defended JPMorgan at high-profile hearings, including in 2012 when he won plaudits for his congressional testimony about the London Whale trading debacle.
Solomon, who took over Goldman Sachs in October, isn’t well-known on Capitol Hill and this will be his first testimony before Congress. But the prominence of his firm almost guarantees he will be a focus.
This article provided by Bloomberg News.