Big Winners and Losers for Banks on Election Night
Republicans won a sizable victory late Tuesday, retaking the Senate after losing it eight years ago. Banks, too, largely benefited, as an ally of the industry captured a Senate seat in West Virginia, two credit union allies fell and a key Democratic senator squeaked past. Here's how election night played out for banks. --American Banker
Sen. Mark Warner, the senior senator from Virginia, was supposed to cruise to an easy re-election given his massive war chest and high poll numbers. Instead, it came right down to the wire, with Warner's opponent Ed Gillespie up for most of the night as the votes were counted. It was still too close to call the day after the election with less than 1% of the votes separating the candidates, who had to wait for a recount..
(Image: Bloomberg News)