Wall Street Anticipates Regulatory Shake-Up with President-Elect Trump

Wall Street financiers are optimistic yet cautious about President-elect Trump's deregulatory agenda. While expecting lenient regulators and robust deals, industry experts analyze Trump's financial policies and populist tendencies, which could reshape banking regulations, interest rates, and fintech growth.

Wall Street financiers convened in downtown Manhattan on Wednesday to discuss the impact of President-elect Donald Trump's deregulatory agenda. Although hopeful for new opportunities in mergers and acquisitions, they expressed uncertainty about his specific policies and personnel selections.

Industry expert Erika Najarian warned of the potential slowdown in loan growth if interest rates remain high. Attendees speculated on Trump's future regulatory appointees and their effects on the financial sector.

With Trump's mix of pro-business and populist policies, banks are evaluating how these strategies may unfold and influence regulatory landscapes, leading to potential benefits for fintech and crypto sectors.

(With inputs from agencies.)