NPR

CEOs Of Big Banks Face Tough Questioning Over Their Pay

The House Financial Services Committee is grilling the heads of seven banks Wednesday about overdraft fees and executive pay. The hearing comes 10 years after the financial crisis.
The House Financial Services Committee, led by Rep. Maxine Waters, D-Calif., grilled the heads of seven banks about the stability of the financial system a decade after the crash. Source: Zach Gibson

Updated at 12:12 p.m. ET

The heads of some of the nation's biggest banks faced tough questions from Democrats on Wednesday about overdraft fees, the stability of the banking system and their own multi-million-dollar compensation.

The House Financial Services Committee was titled, "Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis."

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