Trump’s victory sparks bankers’ hopes for new deal
In the wake of Donald Trump’s stunning presidential win, banks are working on a game plan to confront an entirely new reality: They might actually get their way. While Trump bashed Wall Street throughout the campaign, the financial services industry is hoping his victory, coupled with a GOP-led Congress, could open a path forward to easing regulations…. Given the potential for Trump-appointed regulators to change course, current officials at the Fed and other bank regulators will try “to get as many of the rules in place so that a Trump administration has to go to the trouble of dismantling them rather than simply not doing them,” said Karen Shaw Petrou, a managing partner at Federal Financial Analytics.