Trump wants to roll back banking regulations meant to prevent the type of risky behavior that crashed markets a decade ago
|05/16/2018||Posted by BusinessMediaguide.Com under General World News||
- President Donald Trump and his administration are expected to scale back provisions of the Volcker Rule, which is designed to combat exorbitant risk-taking by banks.
- Those financial-system excesses were largely blamed for the financial crisis a decade ago.
- Banks were among the market’s biggest gainers immediately after Trump’s election victory amid expectations of less oversight.
Bank stocks surged following Donald Trump‘s election victory amid expectations of reduced regulation. Now it looks like the president is ready to follow through.