What Cantor's Surprise Ouster Means for Banks

By EmmaZahn on Thu, 06/12/2014 - 11:20am |

...Cantor was not intimately involved in the daily details of banking policy, he was considered an ally to the business community, taking the lead on some key bills, including the passage of flood insurance reforms earlier this year.

"Usually the loss of one member doesn't really make a big difference, but I think the exception is Eric Cantor. The biggest challenge of Republican leadership is having someone who's able to make a deal and sell that to at least the majority of the Republican caucus," said Edward Mills, a policy analyst at FBR Capital Markets. "Cantor in many ways was a firewall between Wall Street and the Tea Party."

URL:

http://www.americanbanker.com/issues/179_112/what-cantors-surprise-ouster-means-for-banks-1068017-1.html?zkPrintable=true