Big banks shake up Washington lobbying shops

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Big banks shake up Washington lobbying shops

Big banks shake up Washington lobbying shops

Reuters-

Two of Wall Street’s largest Washington-based trade groups said on Tuesday that they were merging, as big banks rethink their lobbying strategies under the business-friendly administration of U.S. President Donald Trump.

The Clearing House Association (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, they said in a joint statement.

Greg Baer, TCH’s president, will serve as CEO of the new group, which has yet to be named. FSR announced in February that its chief, former Minnesota Governor Tim Pawlenty, would leave the organization this month.

[REUTERS]

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