How bankers are likely to fare under Trump
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
In this special Election Week edition of Bankers' Hours, read American Banker reporters' takes on how the second Trump administration is likely to interact with the banking sector, from M&A to regulation. Read all our coverage on politics and policy , and on regulation and compliance .
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Are big bank deals back? What Trump could mean for M&A. During Donald Trump's last presidency, the massive merger that created Truist shook up the industry. What's coming this time around?
Changes coming to the Fed in a Trump presidency. At a minimum, president-elect Donald Trump can make two appointments to the Federal Reserve Board of Governors and choose new leadership. But more substantial changes could be in the offing.
Powell says he won't step down and Trump can't make him. The Federal Reserve's top official was emphatic that he and other leaders on the Board of Governors cannot be dismissed or demoted at will by the president.
Trump will change the CFPB's course — but how much is unclear. President Trump initiated changes at the Consumer Financial Protection Bureau in his first term, and the industry's frustration with the bureau has grown since he left office. But how far a second Trump administration can or will go depends on factors outside the president's control.
Trump win likely to delay Basel III, imperil Biden bank regulation. Experts anticipate that Trump's victory and expected shifts in regulatory leadership will delay finalizing Biden-era capital rules for large banks, with new officials likely favoring a less stringent Basel III framework and softer capital requirements.
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Mortgage Compliance Officer at North Shore Bank
1 周I’m fine with the CFPB existing, but let industry professionals provide input on common sense regulations so every new rule doesn’t end up in court.
Bank Investment Advisory Services
1 周I am all for less regulation. Sometimes regulators get over zealous and power hungry. In order to make our banks competitive we need less regulation. Yes, they need to operate in a safe and sound mode, but this is possible with periodic bank examinations and a vigilant internal audit department. That is where the push back should come from, not from overly burdensome regulation. Also, keep in mind some regulators don't know the difference between the law and opinion. Some think it is synonymous.
All tweets are my personal opinion and do not represent any of the various companies or agencies.
2 周Just remember what happened in 2008