Senators Elizabeth Warren and Bernie Sanders criticize top U.S. banks for prioritizing shareholder returns over financial stability. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley were accused of lobbying for deregulation while boosting dividends and buybacks. Banks raised dividends after passing stress tests, with JPMorgan announcing a $50B buyback and increased dividend. The Fed implemented new capital requirements for large banks. Warren and Sanders demand written responses from bank CEOs by September 22. Stay tuned for updates on this developing story.

Read more at Quiver Quantitative: Warren and Sanders Blast Big Banks Over Dividends, Buybacks Amid Deregulation Push