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Behind the scenes, bank lobbyists temper expectations for Dodd Frank overh...

Bank lobbyists who opened the Trump era with great expectations for sweeping regulatory reform are privately striking an increasingly dismal tone as hopes for a quick and thorough rewrite of Dodd-Frank legislation dim. Lobbyists say they are facing the reality that bank deregulation legislation will have to wait in line behind other bigger priorities such as healthcare reform and taxes."It's so disheartening," said one financial industry representative. “I was excited for this year, and I’m not anymore.” Even if Congress does look to rewrite the 2010 Dodd-Frank law, it is unlikely to muster enough votes in the Senate for the strong across-the-board overhaul industry leaders had hoped for, roughly a half dozen lobbyists told Reuters in recent interviews. Banks say that Dodd-Frank, which was conceived in response to the financial crisis, hobbles their growth. Among Dodd-Frank measures that banks want to see changed are the law's ban on proprietary trading, heightened oversight for some of the nation's largest institutions, and stricter capital requirements.

But they see short-term hopes for less stringent oversight by agencies like the Federal Reserve or the Securities and Exchange Commission stymied by the slow pace of Trump appointments for those agencies. The private dejection is in contrast to the upbeat message being delivered to some 1,500 bankers gathered in Washington this week for visits to Congress and speeches from policymakers at an American Bankers Association (ABA) conference.“This year poses the biggest opportunity that we have seen in a long time to see some action on much-needed regulatory relief," Rob Nichols, the ABA's president and chief executive officer, said at the conference. Senate Banking Committee Chairman Mike Crapo, the Idaho Republican who will play a key role in any regulatory rewrite, has downplayed immediate expectations. He has emphasized that work in the Senate is slow going. Crapo announced Monday he wanted public input on proposals, underlining the deliberate pace of the panel's work.

And the Republican chairman of the House of Representative Financial Services Committee, Jeb Hensarling, has yet to move on his prepared Dodd-Frank overhaul. Industry advocates say they have hoped sympathetic regulators could take major steps absent Congressional action. But the Trump administration has lagged in naming people for key roles, such as Federal Reserve's vice chair for supervision. For instance, a sympathetic Federal Reserve could relax the "living wills" process applied to large banks to determine how they could be dissolved if necessary. And a friendlier SEC could act to roll back rules on industry-opposed measures like requiring companies to disclose the pay ratio between their CEO and the average employee.

U.S. farm heartland lobbies to steer Trump away from Mexico trade war GARNER, Iowa/MEXICO CITY Farmers in the U.S. agricultural heartland that helped elect Donald Trump are now pushing his administration to avoid a trade dispute with Mexico, fearing retaliatory tariffs that could hit over $3 billion in U.S. exports.

Trump tries to move past controversies, says he is keeping promises WASHINGTON President Donald Trump argued on Tuesday that his 60 days in office have been a successful keeping of his campaign promises as he attempted to turn the page from a variety of controversies that have bedeviled his White House tenure.

Trump, Koch brothers at odds over 'Trumpcare' vote WASHINGTON Republicans considering whether or not to back U.S. President Donald Trump's healthcare reforms in a crucial House of Representatives vote this week face a painful choice.

Verizon creates new operating structure, hires former Ericsson CEO

Verizon Communications Inc (VZ. N) said on Friday it would change its operating structure to focus on three areas, and named former Ericsson (ERICb. ST) Chief Executive Officer Hans Vestberg to lead its newly created network and technology team.

Vestberg's team will work on building out the company's fiber network infrastructures, Verizon said. He will initially be based in Sweden, and is expected to join the U.S.-based team later this spring.

Verizon's media and telematics unit will focus on growing the company's new businesses in digital media, including integrating its pending acquisition of Yahoo Inc (YHOO. O). It will be led by Marni Walden as executive vice president for media and telematics.

Big in Japan? Hope at home for Toshiba's nuclear arm after U.S. debacle TOKYO The bankruptcy of Westinghouse Electric Co may be a blow to Toshiba Corp's international nuclear ambitions, but the Japanese conglomerate still has a profitable business at home.

FCC to vote to reform $45 billion business data market WASHINGTON The Republican head of the Federal Communications Commission on Thursday proposed easing regulatory requirements in the $45 billion business data services market, a win for companies like AT&T Inc, CenturyLink Inc, Verizon Communications Inc and others.