Finance
Davos Bankers Feel Trump Tailwind That Leaves Europe Chasing US
- Banks in Europe see disadvantage as US looks to cut rules
- US has already delayed Basel regime and could deregulate more
This article is for subscribers only.
At the World Economic Forum in Davos, a fresh division in global banking is emerging: firms that get to enjoy the sound of rules being torn up in Washington, and those that get to worry they’ll be left behind.
Executives at both American and European firms used the annual meeting in the Swiss mountain resort to discuss the new US administration’s approach to deregulation.