Jeb Bush Says Bank Regulations Stifling Economic Growth

Former Florida Governor Jeb Bush told top Wall Street executives today that new banking regulations are stifling economic growth by crimping firms’ ability to lend money and raise capital.

“For larger banks, the rules are so complicated that it’ll take five years to put them in place,” Bush said today in New York at the annual meeting of the Securities Industry & Financial Markets Association. For smaller banks, the complexities and uncertainties surrounding new rules can be a “deal-killer completely,” he said.