Reported 22 days ago
As the US heads towards Election Day, the banking sector is keeping a keen eye on the outcome, with industry experts suggesting that a Donald Trump victory could lead to looser regulations and favorable conditions for banks. Analysts anticipate that a Trump win might reignite financial stock growth, as seen in 2016, while a Kamala Harris win could signal ongoing stringent oversight under the current administration. The uncertainty surrounding how either candidate would approach vital banking regulations, particularly the controversial Basel III capital rules, adds further complexity to the situation, leaving banks strategizing for possible changes in leadership and regulatory environments.
Source: YAHOO