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January 29, 2015

Main Street banks play the Wall Street lobbying game

PNC, the nation’s 10th largest bank, hasn’t spent the past few years just building itself into a financial behemoth. Like many other banks, it’s built up political capital too. And last year, it spent some of that currency to help roll back a regulation intended to prevent another Wall Street bailout.
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That doesn’t sway Dennis Kelleher, the president and CEO of financial-reform group Better Markets. “Shame on the regional banks,” he said. “They had an opportunity to step up and be banking statesmen. And they didn’t.”
Read the full Pittsburgh Post-Gazette by Chris Potter here.
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