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Good morning. So this meeting will now come to order. Today the subcommittee is holding a hearing entitled oversight of doe, during covid19 pandemic. Members will be participating in todays hearing finally in person or remotely via video conferences. And just as a reminder weve had some technical difficulties in making sure that our remote video was operating up to standard. As part of this hearing, the microphones of members participating remotely will be set on mute for the purpose of eliminating inadvertent background noise. Members participating remotely will need to unmute their microphon...

Moment and a reflection of the part we all have to play when slowing the spread of covid19. In light of this remote format i also some reminders to the members about conduct of the hearing. Members keep their video feed on as long as they are present at the hearing. Members are responsible for muting and unmuting their microphones and please keep your microphones muted when youre speaking. And finally if members have documents they wish to submit for the record please email to the committee whose email address was circulated prior to the hearing. Well, good afternoon, and well coom the First V...

At the same time, we generated more capital through earnings. Thats why are ratio is 12. 5 . Talk to me about the merging of the two units. What is the reasoning behind that . The Investment Bank merger is something weve been discussing for months. Even my predecessor, it was already a topic. 2015, clearlyn the two had to be separated. We had to restructure the trading business. Are at a stage or we can put them back together again. Most of our competitors have it anyway. This is not a cost exercise. There will be some cost benefits. Its really about having one overriding business to have one ...

On cspan, online at cspan. Org and listen live on the free cspan radio app. The commissioner of the irs testified before the Senate Finance committee on the impact of the coronavirus on the 2020 taxis and including efforts season including efforts to help taxpayers and Small Business. This is just over two hours. [gavel] sen. Grassley commissioner rettig, thank you for agreeing to testify on 2020 tax Filing Season and the irs handling of challenges that are posed because of the pandemic. The 2020 Filing Season got off to its typical start at the end of january. However since then, this Filing ...

Filing season and the irss. Andling of challenges at the 2020 Filing Season got off to a typical start. Since then, this Filing Season as been anything but typical a result of the National Health emergency stemming from the ongoing pandemic. Almost all regular tax filing and tax payment deadlines have been extended. This includes the individual and Corporate Income tax filings and payment deadlines, which were pushed back from the normal april 15 to july 15. There are some rumors they might be extended again. I dont know. I have heard that at least once. Extendedhese deadlines, the tax Filing ...