“The Biden administration has been reaching out pretty extensively to the business and banking communities for their support of the president’s relief plan.”
Shearman & Sterling Mark Chorazak recently shared his insights with American Banker regarding the Biden Administration's outreach to the US financial industry.
During the last Democratic administration, the financial crisis and subsequent regulatory reforms often put banks and government officials on opposing ends of policy debates. But over a decade later, as President Biden tries to stabilize the economy amid the sustained pandemic, bank executives and Democrats in power seem to be in unfamiliar territory: on the same team.
