BANKING/DODD-FRANK/ECONOMY: “The six biggest U.S. banks could potentially return more than $100 billion in capital to investors over time through dividends and share buybacks if the Trump administration succeeds in a push to loosen bank regulation.
President Donald Trump on Friday signed a memorandum ordering a review of the Dodd-Frank Act, the postfinancial-crisis regulatory overhaul that has guided regulators such as the Federal Reserve. The aim is ‘cutting a lot out’ of those rules, Mr. Trump said in a meeting at the White House.”
– Telis Demos and Peter Rudegeair, “The $100 Billion Reason Investors Loved Trump’s Bank Order,” The Street Journal online, Feb. 5, 2017