Citi CEO Says Banks to Benefit From Expected Trump Regulations.

Citigroup Inc. CEO Jane Fraser believes that Wall Street will benefit from less stringent banking regulations under the incoming Trump administration. She anticipates that the Basel III Endgame regulations will be relaxed, with potential lower increases in capital requirements for US banks. The election of Trump has already boosted banking stocks, reflecting optimism for a more favorable regulatory environment. Fraser also expressed confidence in the US economy compared to Europe and China, highlighting a positive outlook for mergers and acquisitions, particularly in technology, media, and telecommunications sectors. [Extracted from the article]