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WASHINGTON — U.S. Rep. Barney Frank has demanded that Northern Trust Corp., a recipient of $1.6 billion in U.S. bailout funds, pay the government the equivalent of what it spent entertaining employees and clients at a company-sponsored professional golf tournament in Los Angeles.
John O’Connell, a spokesman for Northern Trust, said in an e-mailed statement that sponsoring the golf tournament and related events “is part of a business decision regarding an annual event to show appreciation for clients.” He declined to provide details of what the company spent on the events. Bloomberg News
