U.S. banks see several allies returned to key congressional seats

Many Wall Street banks’ favorite lawmakers were returned to Congress overnight, boding well for the industry which has been trying to rebuild a broad base of bipartisan support a decade after the financial crisis tarnished its image in Washington. While the outcome of the presidential election and many Congressional races remained unclear early Wednesday, the composition of key banking committees in the House of Representatives and Senate should remain largely intact, ensuring some continuity for the industry next Congress. All members of the Democrat-led House Financial Services Committee were up for re-election.

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