Wall Street Says Bank Regulatory Plans Are Better Than Expected
- New rules seen freeing up to $2 trillion of lending capacity
- KBW Bank Index up nearly one percent following announcement
What Financial Deregulation Could Mean for Banks
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The U.S. Treasury Department’s banking regulatory proposals could be even better for finance firms than they initially hoped.
Late Monday, the Trump administration laid out its highly anticipated plan for overhauling bank rules, and Wall Street likes what it sees. The proposals call for easing many of the regulations that were imposed on the industry after the financial crisis, which bankers have frequently complained about in the seven years since the passage of the Dodd-Frank Act.