Tuesday, April 21, 2009
Bank of America, Wells Fargo Decrease Their Political Donations
The nation’s biggest lenders and other financial institutions, including Bank of America Corp. and Wells Fargo & Co., reduced their political giving even as Congress began to consider how to re-regulate their industry.
Donations from the political action committees of 10 of 12 firms facing so-called stress tests by the government dropped to $231,750 in the first quarter of 2009, compared with $826,180 in the same period two years ago, Federal Election Commission records show. Just two companies increased their contributions.
The firms are among the 19 financial institutions -- all with more than $100 billion of assets -- that are being subjected to audits by federal regulators to determine their financial health. Data weren’t available for seven firms that either don’t have PACs or don’t have to file with the FEC until July...
Bloomberg: Bank of America, Wells Fargo Decrease Their Political Donations
Donations from the political action committees of 10 of 12 firms facing so-called stress tests by the government dropped to $231,750 in the first quarter of 2009, compared with $826,180 in the same period two years ago, Federal Election Commission records show. Just two companies increased their contributions.
The firms are among the 19 financial institutions -- all with more than $100 billion of assets -- that are being subjected to audits by federal regulators to determine their financial health. Data weren’t available for seven firms that either don’t have PACs or don’t have to file with the FEC until July...
Bloomberg: Bank of America, Wells Fargo Decrease Their Political Donations
Permalink posted by markw @ 4:46 AM 
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