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Wall Street anticipates deregulation and profit surge with Trump's presidency

share-iconPublished: Saturday, January 11 share-iconUpdated: Saturday, January 11 comment-icon2 months ago 16 views
News sources:
THEGUARDIAN
Wall Street anticipates deregulation and profit surge with Trump's presidency

Credited from: THEGUARDIAN

  • Wall Street banks are projecting significant profit increases as Donald Trump’s inauguration approaches.
  • Trump's administration is expected to introduce looser regulations and lower corporate taxes, positively affecting major banks such as JP Morgan and Goldman Sachs.
  • There is a potential backlash against climate commitments, as banks reconsider their ESG (environmental, social, governance) strategies.
  • Many analysts believe key regulatory frameworks, like Basel III, may be significantly weakened or eliminated during Trump's term.
  • Despite the anticipated changes, experts suggest Trump will be cautious to avoid destabilizing the financial system altogether.

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