The Trump administration is preparing to ease rules imposed on big banks in response to the 2008 financial crisis, Michael Stratford of Politico reports. Trump-appointed regulators are close to completing a proposal set to relax rules on how much of a capital cushion the nation’s largest banks must have to absorb potential losses and remain solvent during periods of economic stress. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAC:
- X covered some losses when banks sold debt, FT reports
- Top Analysts See 30% Upside for Salesforce (CRM) Ahead of Q1 Earnings
- Bank of America: A Compelling Buy with Strong Growth Prospects and Resilience
- Fund Managers Dump Apple and Nvidia Stock as Meta Claims the Power Seat
- Bearish options flow identified in Bank of America with shares down 0.27%