Really?
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For one thing, the combination of Trump in the White House and Republican control of both houses of Congress is good for the banks from a regulatory standpoint. As my colleague Sean Williams already wrote , vocal supporters of tougher restrictions on banks like Senator Elizabeth Warren are likely to face a huge uphill battle now. Regulatory uncertainty includes everything from the Federal Reserve to the Consumer Financial Protection Bureau to the Dodd-Frank Act.
Read more: How a Donald Trump Presidency Could Affect Bank Stocks -- The Motley Fool
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Good news if the banks are paying you.
Bad news if you are at the mercy of the banks ...
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The move caught Republican lawmakers off guard, with many saying they continue to oppose restoring the law that separated commercial and investment banking. But it's not clear how committed Trump is to Glass-Steagall. While it is part of the official platform, the president-elect himself has never talked about it. He had previously said he disagreed with the idea of breaking up the big banks ? something that would happen if Glass-Steagall were restored.
Trump has also separately called for the repeal of the Dodd-Frank Act.
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Cheat Sheet: A Guide to President-Elect Trump's Views on Key Issues | American Banker