Finance
Wall Street Wants to Be Sure Biden Can Keep Warren’s Army at Bay
- His victory sets up internal Democratic fight over regulation
- Progressives want new constraints on pay, tough watchdogs
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Wall Street has made its peace with a Joe Biden victory, taking comfort in his decades-long political career in which moderation is a prevailing trait. But it’s nervous about his more liberal allies.
Finance executives will be closely watching how Biden handles the coming internal Democratic fight between centrists and progressives that threatens to increase regulation and dent profits.