Bank bosses grilled on regulatory escape
US bank bosses, facing investors at results announcements this week for the first time since Donald Trump’s election victory, tackled questions about whether the post-Trump optimism was justified — and how their businesses would benefit from easier regulation and lighter taxes.
Trump and his administration have said virtually nothing specific about bank and financial regulation, but the Republicans, now in control of both the House and Senate, have a long-standing ambition to repeal parts of the Dodd-Frank Act.“If there’s regulatory relief, banks will be more aggressive in growing, ...
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