Small Banks See Big Win as Congress Rolls Back Stifling Regulations

Small Banks See Big Win as Congress Rolls Back Stifling Regulations
President Donald Trump welcomes with Moon Jae-in, President of the Republic of Korea, at the White House in Washington on May 22, 2018. Samira Bouaou/The Epoch Times
Reuters
Updated:

WASHINGTON—Congress rolled back some of the restraints imposed on banks after the 2007-2009 global financial crisis, but big players like Goldman Sachs Group Inc., Morgan Stanley, and JPMorgan Chase & Co, will not be breaking out the champagne.

The vote marks a major bipartisan legislative victory for President Donald Trump, who has promised to spur more economic growth by rolling back regulations.