Shares of the biggest US banks including Citigroup Inc., JPMorgan Chase & Co. and Goldman Sachs Group Inc. surged on Wednesday, as investors wagered that Donald Trumpwould make good on his promises to lower taxes and slash regulation of the industry.
Trump has vowed to cut the corporate tax rate to as low as 15% from 21% and to eliminate 10 regulations for every new one during his campaign — offering a more attractive environment for banks than his rival Kamala Harris, who had planned to raise corporate taxes.
He’s also promised sweeping changes to the country’s regulatory ...
