Washington’s matrix of banking regulations, in the view of Wall Street lending giants, has long been overly complex and burdensome. Since the start of President Donald Trump’s second term, regulators have worked to loosen the guardrails for large US banks such as Bank of America Corp., JPMorgan Chase & Co. and Goldman Sachs Group Inc.
Those moves include relaxing how much capital banks must hold as a buffer against potential losses, narrowing the scope of bank supervision, shrinking a Federal Reserve unit dedicated to bank oversight, and roping cryptoassets into the fold of the traditional banking system.
Trump ...
