Big US banks boost Washington lobbying muscle as policy fights heat up

Core Insights - Major U.S. banks increased their lobbying expenditures by 12% last year, marking the highest growth in over a decade as they sought to adapt to significant policy changes in Washington under President Donald Trump's administration [1] Group 1: Lobbying Expenditures - The total lobbying spend by big U.S. banks reached a new high, reflecting their intensified efforts to influence policy decisions [1] - This increase in lobbying spending indicates a strategic response to the evolving regulatory landscape and potential changes in financial policies [1] Group 2: Political Environment - The political climate under President Trump has prompted banks to reassess their lobbying strategies to better navigate the shifting policy environment [1] - The heightened lobbying activity suggests that banks are prioritizing engagement with policymakers to safeguard their interests amid potential regulatory changes [1]