The most telling headline about the Bank Lobbyist Act the Senate will vote on as soon as Wednesday evening or Thursday morning comes from the Wall Street Journal. It reads, "The Surprisingly Large Winners in a Bill to Help Small Banks: Huge custody banks like BNY Mellon and State Street would be among the biggest beneficiaries."
Three of the biggest winners, in a bill meant to help small and midsize banks, are anything but. […]
Another group of banks that dwarf these small...