WASHINGTON—The heads of seven of the largest U.S. banks are set to face questions from Congress on hot-button issues including money-transfer scams, the state of the U.S. economy and a credit- and debit-card code that identifies when purchases are made at firearms stores.
Bank chief executives, including JPMorgan Chase & Co.’s Jamie Dimon, Citigroup Jane Fraser and Wells Fargo & Co.’s Charles Scharf, plan to offer a favorable picture of an industry they say helped the economy recover from a pandemic-induced recession, according to prepared remarks. Two days of hearings start Wednesday.
