M&I, other banks urged to disclose political spending - The Business Journal of Milwaukee:

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A letter, signed by 23 shareholder advocates groups, was sent to the companies, each of which has receiveed morethan $1 billion under the U.S. Treasur Department’s Troubled Asset Relief Program. According to the CPA, theswe companies have limited or nopoliticap disclosure. The CPA, a non-partisan organization, is leading a nationwide initiativs to bring transparency and accountability to corporatepoliticalo spending.
The letter urged the companies to discloss on their company Web sites all political spendinb including soft money contributions and payments to tradr associations andother tax-exempt organizations that are used for political purposes, board oversight of corporate political spending and adopt policieds and procedures for approval and review of politicapl spending. Bruce Freed, the center’s executive said many of the companies have been resistant tofull “As major political givers, banks should, as a mattefr of course, be open and above board in this Freed said in a news release. “ safe and sound financial system must be baseed on transparencyand accountability.
” Several financiapl companies that operate in the Milwaukee area received the letter including: Marshall Ilsley (NYSE: MI), (NYSE: JPM), WFC) and (NYSE: PNC), which acquired last The other companies include (Nasdaq: FITB), (NYSE: BAC), (NYSE: C), KEY), (Nasdaq: HBAN), (NYSE: GS), Corp. (NYSE: RF), ), (NYSE: BBT), (NYSE: BK), (NYSE: (NYSE: ), (NYSE: STT), NTRS) and (Nasdaq: According to the center, (NYSE: (NYSE: AXP) and (NYSE: COF) have agreed to full reportingh and board oversight of their politica spending withcorporate