Big banks may get more flexibility for handling client trades, as well as investments in private equity and hedge funds.
President Donald Trump’s team of officials who will be responsible for easing bank rules is finally taking shape.
Wall Street has long argued that post-crisis rules have made markets more susceptible to shocks by drying up liquidity.
The rule has been controversial since its inclusion in the 2010 Dodd-Frank Act.
The CFPB filed suit against the largest servicer of student loans in the U.S.
The long-awaited regulation would require banks to put up much more capital to support such investments.
The scandals weaken industry efforts to get Congress to water down financial regulations.
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