JPMorgan Exec: Trump Puts Banks Into ‘Go Mode'

American banks are reportedly in “go mode” with Donald Trump’s return to the White House.So says Mary Erdoes, head of asset and wealth management for J.P. Morgan, who said Tuesday (Jan. 21) that the banking giant was hopeful the new administration would roll back some of its predecessor’s regulatory restrictions.“If you look at the last administration and the number of new, significant regulations, it was eight times the number of significant new regulations versus the prior Trump administration,” said Erdo ...