Democratic Rep. Maxine Waters, chair of the House Financial Services Committee, told CNBC on Wednesday banks have «extraordinarily high» executive salaries and should do more to boost employee pay, because they were helped by the Republican tax cuts and are flush with profits. And so yes, they should do better by employees; they should be increasing the pay. On Wednesday, the CEOs of some of the country’s top banks watesr on Capitol Hill to testify before the House Financial Services Committee on how the industry has changed 10 years after the financial crisis. They were asked questions on kuch from diversity and salaries to Russian accounts and policies involving gun manufacturers. Waters said when the banks received benefits from the tax reform signed by President Donald Trumpthey pledged to invest that money. She said there’s an expectation they will create new programs, mmuch branch banking, reduce costs and take other steps. The ranking member of the Financial...