From this morning's Earlybird:
• "Seven major American and foreign banks have hired a prominent financial lawyer to lobby on legislation that would restrict how banks do business in the multitrillion-dollar derivatives market," The Hill Reports. "Edward Rosen, a partner at Cleary Gottlieb, registered as a lobbyist for the banks at the end of October and received at least $200,000 in the third quarter, according to congressional lobbying records.... Rosen has been a central player on derivatives legislation throughout the financial regulatory overhaul debate this year. "
• "The American Petroleum Institute plans to announce Thursday that Martin J. Durbin has been named its new Executive Vice President of Government Affairs," Politico reports."Durbin will join API in December from the American Chemistry Council (ACC), He replaces Jim Ford, who has worked at API for the past 10 years."
• "The House ethics committee declared in a letter issued late Wednesday that Rep. Heath Shuler (D-N.C.) did not violate the chamber's rules through his involvement in a Tennessee land-swap deal in 2007," Roll Call (subscription) reports. "The ethics committee's review focused on the Cove at Blackberry Ridge LLC, a real estate development company in Loudon, Tenn., in which Shuler is an investor."
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