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The other 12 Senate Democrats, some of whom also voted for the bank rule-easing bill, are also moderates. The exception is Ohio Senator Sherrod Brown, whose position as ranking member on the Senate Banking Committee makes him an important stakeholder for the industry. The sector hopes boosting moderates will constrain the big bank-bashing wing of the Democratic Party, including Senator Elizabeth Warren, a likely presidential candidate in 2020, and Representative Maxine Waters, who is poised to chair the committee overseeing banks if Democrats win the House.

Rebuilding broad bipartisan support will be challenging, consumer advocates say, Big banks continue to be a sensitive issue within the bowed checkerboard cufflinks Democratic Party, which was bitterly divided over the May legislation, and among voters, The midterm elections mark the first time since 2012 that the banking industry has given more money to Senate Democrats than Republicans, according to center’s data, which is based on federal records released on Sept, 24, The sector has dished out $2.5 million to Senate Democrats and $1.8 million to Republicans this election cycle, By contrast, the industry gave $1.6 million to Senate Democrats and $5.2 million to Senate Republicans during the 2016 elections..

The American Bankers Association, the top Washington bank lobby group, has contributed $83,000 to Senate Democratic candidates this cycle and is leading the industry’s push to regain bipartisan support, said its CEO Rob Nichols. Nichols, whose association has for the first time bought advertisements for 12 midterm candidates, including four Democrats, called enhancing the industry’s political capability “strategically important.”. “This is rigorously bipartisan: if you support us, we want to support you,” he said. “This is not about playing party favorites. For decades, banking policy was bipartisan up until Dodd Frank, and we’re excited to see a return to this bipartisanship.”.

Industry officials hope the senators they support will back further legislation easing capital markets rules drawn up in bowed checkerboard cufflinks a package that passed the House in July but has yet to pass the Senate, “Democrats being supported by the banks are generally viewed as moderate elements in a Senate that is being steadily stretched to its extreme ideologically,” said Isaac Boltansky, director of policy research at Washington-based Compass Point Research & Trading, He added that the industry is also anxious to ensure these senators are around to oversee a swift implementation of May’s new laws by the banking regulators..

Two-thirds of registered voters are more likely to vote for a candidate who supports regulating Wall Street and big banks when they talk about the economy, according to a September survey by The Harris Poll on behalf of Better Markets, which lobbies for tighter industry regulation. Ken Bentsen, the chief executive of bank lobby group the Securities Industry and Financial Markets Association (SIFMA) and a former Texas congressman, said it was unfortunate that the industry continued, in his view, to be seen “as a political piñata.”.

COPENHAGEN (Reuters) - Danske Bank’s (DANSKE.CO) deepening money laundering scandal dragged bowed checkerboard cufflinks its shares to a four-year low on Friday as Denmark’s biggest bank sought to calm investors over the impact of a U.S, criminal investigation into its Estonian branch, Morten Mosegaard, the bank’s interim chief financial officer, said the involvement of the U.S, Department of Justice (DOJ) in an inquiry into alleged money laundering is very different to the case of Latvia’s failed ABLV..

U.S. authorities in February accused the Latvian bank of covering up money laundering, leading to it being denied dollar funding after the U.S. Treasury proposed invoking a section of the USA Patriot Act, and prompting its rapid demise. “It’s very difficult to see any comparison between the two cases,” Mosegaard told Reuters, adding that Danske Bank had long since closed its activities in Estonia. Last month, Danske Bank said that payments totaling 200 billion euros ($231 billion), many of which were “suspicious”, had moved through the branch between 2007 and 2015.

The revelation has triggered calls from politicians and regulators for greater oversight of banks and a tightening of European rules relating to anti-money laundering measures, Prime Minister Lars Lokke Rasmussen said the case increased the chances of Denmark joining the European banking union, which was set up to ensure banks are better supervised, a decision on which is due to be made in 2019, Mosegaard’s comments follow the publication of a letter from U.S, investor Bill Browder to the U.S, Treasury in which he asked them to investigate Danske Bank and to undertake steps bowed checkerboard cufflinks to consider designating it for special measures under the USA Patriot Act, which was used in the ABLV case..

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