J.P. Morgan Chase & Co. Chief Executive James Dimon and Goldman Sachs Group Inc. Chief Executive Lloyd Blankfein weren’t invited to the ceremony and won’t be attending, people familiar with the matter said.
Citigroup Inc. CEO Vikram Pandit? He’ll be there, along with other notables like former Federal Reserve Chairman Paul Volcker and Harvard Law School Professor Elizabeth Warren, who came up with the idea of creating an independent consumer protection agency.
Bank of America Corp. CEO Brian Moynihan was invited but can’t attend. Same goes for Morgan Stanley CEO James Gorman and UBS Americas CEO Robert Wolf, a close friend of Obama. Barclays PLC President Bob Diamond was invited, though it’s unclear if he’ll be there.
Another interesting snub: Independent Community Bankers of America CEO Camden Fine will be at the ceremony, but American Bankers Association CEO Edward Yingling said he wasn’t invited. Fine was much more supportive of the bill than Yingling, exposing a messy split among Washington’s influential banking trade groups.
The White House emphasizes that the amphitheater of the Ronald Reagan Building, where the signing ceremony will take place, holds only 400 people, meaning that several people instrumental in passing the bill had to be told there wasn’t space for them. Sen. Chris Dodd (D., Conn.) and Rep. Barney Frank (D., Mass.) are expected to be there, as the bill is named after them. Scores of other regulators and lawmakers are also expected to be in attendance, including Federal Reserve Chairman Ben Bernanke.
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