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U.S. President Donald Trump’s administration is likely to take a less-confrontational approach to reining in Wall Street than its predecessors when it comes to financial personnel. (SAUL LOEB/AFP/Getty Images)
U.S. President Donald Trump’s administration is likely to take a less-confrontational approach to reining in Wall Street than its predecessors when it comes to financial personnel. (SAUL LOEB/AFP/Getty Images)

Trump targets Obama’s financial crisis-era reforms Add to ...

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U.S. President Donald Trump is taking aim at key changes instituted to avert future financial crises in a signal that his administration hopes to reshape the rules governing Wall Street.

Mr. Trump has already ordered a broad review of the major banking overhaul passed by his predecessor, but on Friday, he directed officials to focus on two elements in particular: the government’s emergency authority to seize failing financial institutions and the process used to determine which institutions are subject to the highest level of regulatory scrutiny.

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