Jan
19
Bankers in Davos See Trump Making Wall Street Great Again
ByWall Street’s high-flyers in Davos, basking in their firms’ strong fourth-quarter earnings, said they’re confident Donald Trump’s incoming administration will loosen regulatory constraints on financiers — even if it leaves Barack Obama’s signature Dodd-Frank Actlargely intact.
Bank executives, speaking on condition of anonymity at events around the Swiss ski resort, said they’re not counting on Trump to overturn Dodd-Frank. Instead, they expect the federal agencies that enforce the rules to ease up on them and support bankers’ efforts to limit how much capital and liquidity their companies need to pay bills or absorb losses in a crisis…
Bankers in Davos See Trump Making Wall Street Great Again
