Go to the Globe and Mail homepage

Jump to main navigationJump to main content


Report on Business


News and analysis on Bay Street and the world of finance
available exclusively to subscribers of Globe Unlimited

Entry archive:

A Trump-induced euphoria for banks? Not so fast Add to ...

Subscribers Only

Less than two weeks left of this tyranny. Then we’ll be free from the socialists, the overreaching regulators, the long arm of government.

That’s the subtext to the euphoria on Wall Street and in the American banking sector since Donald Trump was elected president. The KBW Regional Bank Index, which tracks 50 U.S. banks, is up an astonishing 27 per cent since Nov. 8. With the inauguration approaching, investors are assuming a Republican-led Congress will free banks from the shackles imposed by U.S. President Barack Obama and other policy makers after the 2008 financial crisis.

Report Typo/Error

Follow on Twitter: @timkiladze

Next story




Most popular videos »

More from The Globe and Mail

Most popular