Reported about 15 hours ago
After Donald Trump's election win, major banking executives like Jamie Dimon expressed optimism about a future with reduced regulations, which they believe will foster growth and profitability. Despite past frustrations with regulatory hurdles, banks such as JPMorgan Chase, Goldman Sachs, and Morgan Stanley have achieved record profits in recent years, even during the Biden administration. With expectations of eased capital requirements under Trump, bankers are gearing up for an increase in mergers and acquisitions, hoping to capitalize on a more favorable economic environment, although concerns about inflation and economic pressures remain.
Source: YAHOO