Lawmakers will hear about the influence big banks can have over the U.S. power markets when they can own plants, supply fuel to those units and trade based on the electricity they generate.
Congressional scrutiny of Goldman Sachs and Morgan Stanley’s commodities businesses is another strain for units that already saw revenue tumble by two-thirds from peak years.
U.S. Senators Carl Levin and John McCain have urged the Justice Department to seek extradition of about 30 Swiss bankers and others who are charged with enabling offshore tax evasion and haven’t appeared in federal courts.
The chief of Credit Suisse will square off on Wednesday against U.S. Senator Carl Levin as the veteran congressional investigator releases his latest findings on offshore tax evasion.
Senator Carl Levin, a Democrat from Michigan, talks about Goldman Sachs Group Inc.'s communication to clients and Congress about the firm's bets on securities tied to the housing market.
Bloomberg's Mark Barton and Lizzie O'Leary report on the findings of a two-year U.S. Senate inquiry into the causes of the financial crisis which was released Wednesday.