Bank CEOs increasingly turning pessimistic on economyThe outlook of the U.S. economy from Wall Streetโs biggest banks is getting gloomier and gloomier, after the industry spent the past year and a half trumpeting that the U.S. economy is strong and the U.S. consumer resilient.
Bank CEOs warn that US economy faces 'daunting' challengesThe CEOs of the nationโs biggest banks have appeared in front of Congress and given a dim view of the U.S. economy, reflecting the financial and economic distress many Americans are facing.