May
18
Big Banks Back Off From Attacks on Financial Reform
ByWall Street is putting its old Washington ways on ice.
Big banks are infamous for lobbying against financial reform. Lately, though, they have cut back. Now they are pushing Representative Jeb Hensarling, a prominent congressional Republican, to drop a bill to repeal the Dodd-Frank Act.
The latest efforts to upend the 2010 law ought to appeal to the likes of JPMorgan Chase, Bank of America and Goldman Sachs. They have, after all, complained about things as diverse as capital charges, mortgage reform and how watchdogs handle annual stress tests…
Big Banks Back Off From Attacks on Financial Reform
