‘Everyone’s really concentrating their power’: Wall Street banks are shaking up their lobbying shops

dimon blankfeinREUTERS/Jason Reed

  • The Clearing House (TCH) and the Financial Services Roundtable (FSR), which both count the likes of Citigroup, Bank of America and JP Morgan Chase among their members, will combine.
  • Big banks, long-reviled in Washington, have been beefing up and refocusing their external and internal lobbying operations in a bid to capitalize upon President Trump’s pledge to relax financial rules introduced following the 2007-2009 financial crisis.

WASHINGTON (Reuters) – Two of Wall Street’s largest Washington-based trade groups said they were merging on Tuesday, as big banks rethink their lobbying strategies under the business-friendly administration of Donald Trump.

The Clearing House (TCH) and the Financial Services Roundtable (FSR), which both count the likes of Citigroup, Bank of America and JP Morgan Chase among their members, will combine to form a single group to push policy changes in the nation’s capital.

See the rest of the story at Business Insider

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Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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