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Analysis-US bank lobbyists ranks swell to post-crisis high amid regulatory pushback

The number of big bank Washington lobbyists is the highest since the 2007-09 global financial crisis, driven by hiring among midsize lenders which are facing new rules and tougher oversight after last year's turbulence, new lobbying data shows. At the end of 2023, 486 federal lobbyists were working on behalf of banks with $50 billion or more in assets and seven trade groups, according to a Reuters analysis of data provided by OpenSecrets, a nonpartisan political transparency group. Reuters analyzed OpenSecrets figures for 2008 to 2023, finding the most recent numbers were the highest for all years during that period. ....

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Analysis-US bank lobbyists ranks swell to post-crisis high amid regulatory pushback

The number of big bank Washington lobbyists is the highest since the 2007-09 global financial crisis, driven by hiring among midsize lenders which are facing new rules and tougher oversight after last year's turbulence, new lobbying data shows. At the end of 2023, 486 federal lobbyists were working on behalf of banks with $50 billion or more in assets and seven trade groups, according to a Reuters analysis of data provided by OpenSecrets, a nonpartisan political transparency group. Reuters analy ....

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Prosecutors seize SBF's $50M deposit to small bank

Roughly $50 million of SBF's deposit has been seized by prosecutors – Alameda invested $11.5 million earlier in the same bank. ....

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SBF's $50 million deposits seized in a tiny rural bank

Prosecutors have seized nearly $50 million from Sam Bankman-Fried’s Farmington State Bank account.The bank had only three employees and until March 2022 specialized in agricultural loans to farmers. ....

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Almeda's investment in a small bank giving up its crypto and cannabis ambitions

Farmington State Bank had 3 staff and was the 26th-smallest bank in America out of a total 4,800.Then FTX bought an $11.5 million stake in the bank, it has emerged during FTX's bankruptcy case. ....

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