Morning Scan: Shelby's Plan and Political Maneuvering; BNY Acti...

Receiving Wide Coverage ...

All Politics Is Local: The Wall Street Journal and Financial Times both look at the draft legislation introduced on Tuesday by Sen. Richard Shelby, R-Ala., to provide regulatory relief to financial institutions. American Banker stories provided an executive summary of Shelby's proposal and an analysis of how the political maneuvering will play out between Republicans and Democrats. The political game was the focus of one Journal story, with Democrats immediately expressing reservations...