Major banks get proactive amid regulatory pressure

05/9/2013 | Wall Street Journal, The

The largest financial institutions in the country are becoming more proactive in fending off measures intended to tackle concerns that some banks are still "too big to fail." The lenders are raising concerns about the effects and consequences of new rules. U.S. Bancorp CEO Richard Davis said big banks must join with regional and community banks in presenting a united front to stop the breakup efforts. "If just the big banks oppose it, it will be a problem," he reportedly said.

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Wall Street Journal, The

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