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

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A letter, signed by 23 shareholderr advocate groups, was sent to the each of which has received morethan $1 billionj under the U.S. Treasury Department’s Troubled Assetr Relief Program. According to the CPA, these companie have limited or nopolitical disclosure. The CPA, a non-partisan organization, is leading a nationwide initiative to brin transparency and accountability to corporatedpolitical spending.
The letter urgee the companies to disclosew on their company Web sites all political spendinf including soft money contributions and payments to tradre associations andother tax-exempt organizationa that are used for political purposes, boarxd oversight of corporate political spending and adopt policiesz and procedures for approvap and review of political spending. Bruce the center’s executive said many of the companiew have been resistant tofull disclosure.
“Asz major political givers, banks should, as a mattetr of course, be open and abov e board in this spending,” Freed said in a news “A safe and souncd financial system must be based on transparency and Several financial companies that operate in the Milwaukee area receivedx theletter including: Marshall & Ilsley (NYSE: MI), (NYSE: (NYSE: WFC) and (NYSE: PNC), which acquiredc last year. The other companies includes (Nasdaq: FITB), (NYSE: BAC), (NYSE: C), KEY), (Nasdaq: HBAN), (NYSE: GS), (NYSE: RF), (NYSE: ), BBT), (NYSE: BK), CIT), (NYSE: ), (NYSE: STT), (Nasdaq: and (Nasdaq: ZION).
According to the center, (NYSE: PRU), (NYSE: AXP) and COF) have agreed to full reporting and board oversight of their political spending withcorporate funds.