Sat.Jan 11, 2025

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Wall Street looks forward to a bonfire of capital and climate rules under Trump

TheGuardian

Profits are poised to dominate in a new era shorn of years of hard-won regulatory restrictions When some of the biggest banks on Wall Street reveal their full-year earnings this week, they will have more to celebrate than just rising profits. Donald Trumps presidential inauguration on 20 January scheduled the Monday after US bank results week will raise the curtain on a period of looser regulation, lower corporation tax, and weak climate commitments.

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