Finance
Atlas Merchant CEO Diamond Expects Less Regulation Under Trump
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Atlas Merchant Capital Chief Executive Officer Bob Diamond said President-elect Donald Trump is likely to usher in an era of even lighter-touch regulation after less-stringent rules have already helped US banks compete against their UK rivals.
“It’s pretty clear this administration will be less aggressive on regulation — I think for the big banks we’ll continue to see strong performance,” Diamond said in a Bloomberg Television interview Tuesday. “It’s been very beneficial to the US banks. The UK banks are the opposite extreme.”