bank sector

Trump Promises To Relax US Banking Laws

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President Donald Trump has promised sweeping reforms to “horrendous” US banking regulations that were introduced after the financial crisis. “We’re going to do a very major haircut on Dodd-Frank,” he said, referring to the Wall Street and consumer protection rules Barack Obama enacted in 2010. Dodd-Frank aimed to prevent banks taking on too much risk … Read more

Banks, Jobs Data Send Wall Street Higher

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U. S. stocks climbed on Friday, with the S&P 500 closing just short of a record high, boosted by gains in financial shares as President Donald Trump moved ahead with deregulation action and by a strong payrolls report. The S&P financial sector .SPSY jumped 2 percent to score its best day since mid-November after Trump … Read more