In all the regulatory discussion of small banks vs. the Wall Street megabanks, what about midsized banks — those that are over the $50 billlion asset threshold for much of the Dodd-Frank regulation, but not a JPMorganChase or Citibank?
Some of them have taken lobbying efforts into their own hands. Companies including "SunTrust Banks Inc. (STI), PNC Financial Services Group Inc. (PNC) and Regions Financial Corp. (RF) are opening their own lobbying shops and staffing them with seasoned Washington hands," reports Bloomberg.
"We are not Wall Street banks but we face the same regulatory regime as a Wall Street bank," said Mark Oesterle, a lobbyist for SunTrust.
"If there are any decisions that different pieces of Dodd-Frank need a look, we want to be there," said Tom Ruebel of Fifth Third Bancorp.
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