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UNITED STATES - DECEMBER 6: Sen. Thom Tillis, R-N.C., questions CEOs during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

BRIAN THOMAS MOYNIHAN, CHAIRMAN AND CEO, BANK OF AMERICA AT A SENATE BANKING, HOUSING, AND URBAN AFFAIRS HEARING.

Brian Thomas Moynihan, Chairman And CEO, Bank of America at a Senate Banking, Housing, and Urban Affairs hearing to examine Wall Street firms in the Hart Senate office building in Washington, D.C. on Wednesday, December 6, 2023. Credit: Annabelle Gordon / CNP (KEYSTONE/DPA/Annabelle Gordon)

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UNITED STATES - DECEMBER 6: Charles Scharf, CEO of Wells Fargo, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: James Gorman, CEO of Morgan Stanley, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: Chairman Sen. Sherrod Brown, D-Ohio, right, Sen. Bob Menendez, D-N.J., attend the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: From left, Sen. Jack Reed, D-R.I., Chairman Sherrod Brown, D-Ohio, Sen. John Kennedy, R-La., and ranking member Sen. Tim Scott, R-S.C., arrive for the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: CEOs from left, Charles Scharf, Wells Fargo, Brian Moynihan, Bank of America, Jamie Dimon, JPMorgan Chase, Jane Fraser, Citigroup, and Ronald O'Hanley, State Street, testify during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: Chairman Sherrod Brown, D-Ohio, and ranking member Sen. Tim Scott, R-S.C., arrive for the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: James Gorman, CEO of Morgan Stanley, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: Brian Moynihan, CEO of Bank of America, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: David Solomon, CEO of Goldman Sachs, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: Charles Scharf, CEO of Wells Fargo, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: Sen. Bob Menendez, D-N.J., questions CEOs during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: Brian Moynihan, CEO of Bank of America, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: Robin Vince, CEO of BNY Mellon, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: Jane Fraser, CEO of Citigroup, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: Sen. Bob Menendez, D-N.J., leaves the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: James Gorman, CEO of Morgan Stanley, gestures to Associated Press photographer Alex Brandon during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: Jamie Dimon, CEO of JPMorgan Chase, is sworn in during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: Brian Moynihan, CEO of Bank of America, is sworn in during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: CEOs from left, Charles Scharf, Wells Fargo, Brian Moynihan, Bank of America, and Jamie Dimon, JPMorgan Chase, testify during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: Chairman Sherrod Brown, D-Ohio, greets CEOs from left, Charles Scharf, Wells Fargo, Brian Moynihan, Bank of America, and Jamie Dimon, JPMorgan Chase, during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: CEOs from left, Charles Scharf, Wells Fargo, Brian Moynihan, Bank of America, and Jamie Dimon, JPMorgan Chase, prepare to testify during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: CEOs from left, Charles Scharf, Wells Fargo, Brian Moynihan, Bank of America, and Jamie Dimon, JPMorgan Chase, prepare to testify during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: CEOs from left, Charles Scharf, Wells Fargo, Brian Moynihan, Bank of America, Jamie Dimon, JPMorgan Chase, Jane Fraser, Citigroup, Ronald O'Hanley, State Street, and Robin Vince, BNY Mellon, prepare to testify during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: Chairman Sherrod Brown, D-Ohio, greets CEOs from left, Charles Scharf, Wells Fargo, Brian Moynihan, Bank of America, and Jamie Dimon, JPMorgan Chase, during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: Ranking member Sen. Tim Scott, R-S.C., greets CEOs from left, Charles Scharf, Wells Fargo, Brian Moynihan, Bank of America, Jamie Dimon, JPMorgan Chase, and Jane Fraser, Citigroup, during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: Chairman Sherrod Brown, D-Ohio, greets CEO Jamie Dimon, JPMorgan Chase, and Jane Fraser, Citigroup, during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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UNITED STATES - DECEMBER 6: CEOs from left, Charles Scharf, Wells Fargo, Brian Moynihan, Bank of America, Jamie Dimon, JPMorgan Chase, Jane Fraser, Citigroup, Ronald O'Hanley, State Street, Robin Vince, BNY Mellon, David Solomon, Goldman Sachs, and James Gorman, Morgan Stanley, are sworn in during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. (Tom Williams/CQ Roll Call) Photo via Newscom (KEYSTONE/NEWSCOM/Tom Williams)

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Andrew Bailey, Governor of the Bank of England, during the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London. Picture date: Wednesday December 6, 2023. (KEYSTONE/PRESS ASSOCIATION IMAGES/Hannah McKay)

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Andrew Bailey, Governor of the Bank of England speaking during the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London. Picture date: Wednesday December 6, 2023. (KEYSTONE/PRESS ASSOCIATION IMAGES/Hannah McKay)

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Andrew Bailey, Governor of the Bank of England, Deputy Governor for Financial Stability Sarah Breeden, during the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London. Picture date: Wednesday December 6, 2023. (KEYSTONE/PRESS ASSOCIATION IMAGES/Hannah McKay)

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CEO of the Prudential Regulation Authority Sam Woods speaking during the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London. Picture date: Wednesday December 6, 2023. (KEYSTONE/PRESS ASSOCIATION IMAGES/Hannah McKay)

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Andrew Bailey, Governor of the Bank of England, during the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London. Picture date: Wednesday December 6, 2023. (KEYSTONE/PRESS ASSOCIATION IMAGES/Hannah McKay)

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CEO of the Prudential Regulation Authority Sam Woods speaking during the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London. Picture date: Wednesday December 6, 2023. (KEYSTONE/PRESS ASSOCIATION IMAGES/Hannah McKay)

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Andrew Bailey, Governor of the Bank of England, during the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London. Picture date: Wednesday December 6, 2023. (KEYSTONE/PRESS ASSOCIATION IMAGES/Hannah McKay)

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Deputy Governor of the Bank of England for Financial Stability Sarah Breeden during the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London. Picture date: Wednesday December 6, 2023. (KEYSTONE/PRESS ASSOCIATION IMAGES/Hannah McKay)

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Andrew Bailey, Governor of the Bank of England, during the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London. Picture date: Wednesday December 6, 2023. (KEYSTONE/PRESS ASSOCIATION IMAGES/Hannah McKay)

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Andrew Bailey, Governor of the Bank of England, during the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London. Picture date: Wednesday December 6, 2023. (KEYSTONE/PRESS ASSOCIATION IMAGES/Hannah McKay)

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Andrew Bailey, Governor of the Bank of England, during the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London. Picture date: Wednesday December 6, 2023. (KEYSTONE/PRESS ASSOCIATION IMAGES/Hannah McKay)

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Andrew Bailey, Governor of the Bank of England, during the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London. Picture date: Wednesday December 6, 2023. (KEYSTONE/PRESS ASSOCIATION IMAGES/Hannah McKay)

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Bank of England Governor Andrew Bailey with , Head of Media and Stakeholder Engagement, Katie Martin, Deputy Governor for Financial Stability Sarah Breeden and CEO of the Prudential Regulation Authority Sam Woods, during the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London. Picture date: Wednesday December 6, 2023. (KEYSTONE/PRESS ASSOCIATION IMAGES/Hannah McKay)

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Andrew Bailey, Governor of the Bank of England, during the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London. Picture date: Wednesday December 6, 2023. (KEYSTONE/PRESS ASSOCIATION IMAGES/Hannah McKay)

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Andrew Bailey, Governor of the Bank of England, during the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London. Picture date: Wednesday December 6, 2023. (KEYSTONE/PRESS ASSOCIATION IMAGES/Hannah McKay)

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Andrew Bailey, Governor of the Bank of England, during the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London. Picture date: Wednesday December 6, 2023. (KEYSTONE/PRESS ASSOCIATION IMAGES/Hannah McKay)

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Andrew Bailey, Governor of the Bank of England, during the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London. Picture date: Wednesday December 6, 2023. (KEYSTONE/PRESS ASSOCIATION IMAGES/Hannah McKay)

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Andrew Bailey, Governor of the Bank of England, during the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London. Picture date: Wednesday December 6, 2023. (KEYSTONE/PRESS ASSOCIATION IMAGES/Hannah McKay)

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Andrew Bailey, Governor of the Bank of England, during the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London. Picture date: Wednesday December 6, 2023. (KEYSTONE/PRESS ASSOCIATION IMAGES/Hannah McKay)

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Andrew Bailey, Governor of the Bank of England, during the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London. Picture date: Wednesday December 6, 2023. (KEYSTONE/PRESS ASSOCIATION IMAGES/Hannah McKay)

BANK "BNP PARIBAS FORTIS"

06 December 2023, Berlin: Michael Anseeuw, Managing Director of BNP Paribas Fortis, speaks at a meeting. Photo: Christophe Gateau/dpa (KEYSTONE/DPA/Christophe Gateau)

BANK "BNP PARIBAS FORTIS"

06 December 2023, Berlin: William De Vijlder, Chief Economist of BNP Paribas, speaks at a meeting. Photo: Christophe Gateau/dpa (KEYSTONE/DPA/Christophe Gateau)

BANK "BNP PARIBAS FORTIS"

06 December 2023, Berlin: Michael Anseeuw, Managing Director of BNP Paribas Fortis, speaks at a meeting. Photo: Christophe Gateau/dpa (KEYSTONE/DPA/Christophe Gateau)

BANK "BNP PARIBAS FORTIS"

06 December 2023, Berlin: A sign in front of the "BNP Paribas Fortis" bank meeting. Photo: Christophe Gateau/dpa (KEYSTONE/DPA/Christophe Gateau)

BANK "BNP PARIBAS FORTIS"

06 December 2023, Berlin: Didier Beauvois, Head of Corporate Banking at BNP Paribas Fortis, sits at a meeting. Photo: Christophe Gateau/dpa (KEYSTONE/DPA/Christophe Gateau)

BANK "BNP PARIBAS FORTIS"

06 December 2023, Berlin: Didier Beauvois, Head of Corporate Banking at BNP Paribas Fortis, sits at a meeting. Photo: Christophe Gateau/dpa (KEYSTONE/DPA/Christophe Gateau)

BANK "BNP PARIBAS FORTIS"

06 December 2023, Berlin: Michael Anseeuw, Managing Director of BNP Paribas Fortis, speaks at a meeting. Photo: Christophe Gateau/dpa (KEYSTONE/DPA/Christophe Gateau)

BANK "BNP PARIBAS FORTIS"

06 December 2023, Berlin: Didier Beauvois, Head of Corporate Banking at BNP Paribas Fortis, sits at a meeting. Photo: Christophe Gateau/dpa (KEYSTONE/DPA/Christophe Gateau)

BANK "BNP PARIBAS FORTIS"

06 December 2023, Berlin: Michael Anseeuw, Managing Director of BNP Paribas Fortis, speaks at a meeting. Photo: Christophe Gateau/dpa (KEYSTONE/DPA/Christophe Gateau)

BANK "BNP PARIBAS FORTIS"

06 December 2023, Berlin: Michael Anseeuw, Managing Director of BNP Paribas Fortis, speaks at a meeting. Photo: Christophe Gateau/dpa (KEYSTONE/DPA/Christophe Gateau)

BANK "BNP PARIBAS FORTIS"

06 December 2023, Berlin: Michael Anseeuw, Managing Director of BNP Paribas Fortis, speaks at a meeting. Photo: Christophe Gateau/dpa (KEYSTONE/DPA/Christophe Gateau)