Capitol Account: Where Wall Street Meets Washington

Launched in June 2022, our daily newsletter has quickly become part of the conversation for D.C. regulators and New York market participants alike. Capitol Account is read by top policy makers at federal agencies and in Congress, as well as by the lawyers, lobbyists and investment professionals who are impacted by financial regulation.

Our coverage is deep in the weeds — on purpose. And you can’t find it anywhere else. We delve into the topics dominating the agendas of the Securities and Exchange Commission, the Commodity Futures Trading Commission, the Federal Reserve, other banking regulators and congressional committees. Plus, we track the industry’s efforts to influence regulatory decisions. Our aim is to chronicle every twist and turn in the process, keeping our readers ahead of key developments and emerging issues.

We call Capitol Account a trade publication. But we mean that in the best sense. Expect lively writing, astute analysis and exclusive stories about this powerful but often under-scrutinized world.

About Us

Capitol Account is led by Jesse Westbrook and Robert Schmidt, two ex-Bloomberg News reporters who have spent 20 years covering financial regulation in Washington.

Westbrook reported on the SEC during the 2008 meltdown and wrote about hedge funds from London during Europe’s sovereign debt crisis. In 2015, Westbrook shared an Overseas Press Club award for a Bloomberg Businessweek article that uncovered an investment firm’s bribery of African officials. After becoming an editor, Westbrook held senior management positions in the newsroom, including managing editor of U.S. finance coverage and financial regulation team leader. Reach out to him at: jwestbrook@capitolaccountdc.com

During his two decades at Bloomberg, Schmidt specialized in stories that highlight how government policy affects Wall Street. He covered Washington's response to the 2002 corporate accounting scandals and the 2008 crisis, events that resulted in massive new laws that changed the course of financial regulation. His beats have included all of the federal agencies that oversee finance -- the Treasury, the SEC, the CFTC and the major banking regulators -- as well as Congress and lobbying. He can be reached at: rschmidt@capitolaccountdc.com

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People

Jesse Westbrook
Jesse Westbrook is an award-winning journalist who has held multiple senior management positions at Bloomberg News, including head of U.S. finance coverage. He can be reached at jwestbrook@capitolaccountdc.com
Robert Schmidt
Before co-founding Capitol Account, Robert Schmidt was a reporter at Bloomberg News for 20 years where he wrote stories that highlighted the impact of government policy on Wall Street firms. Schmidt can be reached at: rschmidt@capitolaccountdc.com