Trump's message to bankers: Wall Street reform rules may be eliminated

Trump's message to bankers: Wall Street reform rules may be eliminated
  • Clock-gray 02:06
  • calendar-gray 13 April 2017

President Donald Trump told a group of chief executives on Tuesday that his administration was revamping the Wall Street reform law known as Dodd-Frank and might eliminate the rules and replace them with "something else", APA reports quoting Reuters

 

At the beginning of his administration, Trump ordered reviews of the major banking rules put in place after the 2008 financial crisis, and last week he said officials were planning a "major haircut" for them.

 

"For the bankers in the room, they'll be very happy because we're really doing a major streamlining and, perhaps, elimination, and replacing it with something else," Trump said on Tuesday. 

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