Protests Planned for Banks’ Shareholder Meetings

A coalition of labor unions and liberal interest groups are taking to the streets in a number of demonstrations against Wall Street as the fight over financial reform heats up in Washington.

The groups are planning protests outside the annual meetings of several big banks, as well as marches in Washington and New York. They will speak out on an array of issues, from loan modifications for struggling homeowners to high credit card interest rates.

But the main impetus is ensuring tough new rules governing the financial industry are passed.

“Over the past year and a half, we had multiple mobilizations targeting Wall Street, but now that all eyes are focused on financial regulatory reform people want to see some results,” Marcus Mrowka, a spokesman for the Service Employees International Union, one of the groups leading the coalition, told DealBook.

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