Wall Street is worried that Sen. Bernie Sanders’s vigorous calls for banking industry reform will pull Hillary Clinton to the left, as the two presidential candidates battle for the 2016 Democratic nomination. 

Sanders (I-Vt.) last week unveiled new legislation designed to break up the nation’s largest banks, declaring that “if an institution is too big to fail, it is too big to exist.”

Though it stands virtually no chance of passage in the GOP-controlled Congress, the bill has industry leaders fretting.

“The prospects of it becoming law are nil,” said one banking lobbyist, who described Sanders’s legislations as “shrill, bombastic and misaligned.”

“But we care about whether this impacts Hillary and whether she’ll try to pander to the far left.”

Business and banking groups, and their lobbying forces on K Street, are quickly lining up against the legislation.

“Misses the mark,” said Tom Quaadman, vice president of the U.S. Chamber Center for Capital Markets Competitiveness.

“I fully expect Senator Sanders’s third attempt to break up banks to have the same impact as the previous two: zero,” echoed Tony Fratto, a partner at Hamilton Place Strategies, which does communications work with big banks.

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