European banks may reach faster, less costly settlements with the U.S. Department of Justice as a result of Donald Trump’s unexpected triumph in the U.S. presidential election, according to Barclays Plc analysts.
”Some Democrat appointments at the DoJ have only a few weeks left before they are replaced,” London-based analysts Mike Harrison and Jeremy Sigee wrote in a note to clients on Friday. ”Accelerating litigation settlements with banks may be one way to end a DoJ tenure with a sense of achievement.”
