The bank deregulation bill passed by the Senate on Wednesday has a 20% chance of failing, an analyst said. That’s if the House amends the Economic Growth, Regulatory Relief, and Consumer Protection Act in ways Senate Democratic supporters of the bill reject or by simply delaying the process and causing the Senate to run out of time before it can vote on the bill again, said KBW analyst Brian Gardner in a note to clients. Mid-sized banks including PNC Financial , Regions Financial and SunTrust , as well as custodian banks including State Street , are among the beneficiaries of the legislation.
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