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Trump Has Chairman of Top Nordic Bank Predicting Better Times

  • Nordea chairman says tax cuts, deregulation good for growth
  • Nordea’s loyalty to Sweden has limits, Wahlroos says
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Surprise! Trump May Be Great for Business

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The chairman of the biggest Nordic bank says Donald Trump’s election win is good news for the U.S. economy, thanks to the real estate mogul’s pledge to deliver tax cuts and deregulation.

“Based on the expectation that the American President and Congress are likely to act on taxes, and perhaps on regulation as well, I think there is a slightly more positive outlook for the American economy over the intermediate horizon,” Bjorn Wahlroos, the chairman of Nordea Bank AB, said in an interview in Stockholm on Thursday. But for the rest of the world, things will probably continue “as before,” he said.