Bank Execs Held A Secret Meeting To Prepare For Anti-wall Street Talk In The 2016 Presidential Campaign

Posted: May 15, 2015 in Politics

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Top executives from the biggest US banks, concerned about anti-Wall Street rhetoric that is already bubbling up on the 2016 campaign trail, are working to push back against the prevailing narrative that “banks are bad,” The Wall Street Journal reported, citing people familiar with the matter.

Senior executives from seven of the biggest US banks gathered at, or dialed into, a lunchtime meeting held in the Bank of America Tower in New York on March 31, The Journal reported.

The banks discussed the coming election cycle and how they can counteract what they view as false and damaging statements about large banks, the paper said.

The discussion centered on finding ways to highlight the positive role banks play in the economy and the changes they have made since the financial crisis, according to the report, which also cited emails reviewed by the paper.

Full Story @ [Business Insider]

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