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).
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