BEAMSTART Logo

Wall Street rejoices as the bell tolls for Biden-era regulation

Financial Times LogoFinancial Times13h ago

Wall Street rejoices as the bell tolls for Biden-era regulation - Financial Times

Quick Summary:

Jack Inglis, CEO of the Alternative Investment Management Association, said: “We anticipate that the administration’s approach to financial regulation will be much more restrained and targeted . . . particularly when it comes to the SEC agenda.

Some bankers hope Randy Quarles will return to the Federal Reserve as head of supervision; Jonathan Gould, a Jones Day partner, is a potential candidate for the Office of the Comptroller of the Currency, and Travis Hill is seen to be in pole position for the Federal Deposit Insurance Corporation where he serves as vice-chair.“What we’re opening under is whoever they pick [for key government positions] will be better than the status quo,” said one bank lobbyist.

Globally, top financial watchdogs have warned a Trump deregulatory push could rip apart already-fraying efforts to maintain a global set of rules for the financial system and weaken defences against another crisis.


More Pictures

Wall Street rejoices as the bell tolls for Biden-era regulation - Financial Times (Picture 1)

or

Article Details

Author / Journalist: Stefania Palma

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 05:00:46 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 1291 words

Reading Time: 8 minutes read

Sentences: 20 lines

Sentence Length: 65 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23457280

View Article Analysis

About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 12 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Wall Street rejoices as the bell tolls for Biden-era regulation" has 1291 words across 20 sentences, which will take approximately 6 - 11 minutes for the average person to read.

Which news outlet covered this story?

The story "Wall Street rejoices as the bell tolls for Biden-era regulation" was covered 13 hours ago by Financial Times, a news publisher based in United States.

How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news.

The outlet is headquartered in United States and publishes an average of 12 news stories per day.

It's most recent story was published 10 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #23457280
  • URL: https://beamstart.com/news/wall-street-rejoices-as-the-17309575174717

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.