Big banks are walking a political tightrope in Trump's Washington

Group 1 - Major US banks, including JPMorgan Chase, Goldman Sachs, and Bank of America, are competing for a significant public offering involving mortgage giants Fannie Mae and Freddie Mac, which has included direct interactions with President Trump [1] - Some bank CEOs are facing scrutiny over "debanking" practices, particularly regarding the denial of services to conservative customers, prompting regulatory reviews of past account closures [2] - The banking sector started the Trump administration with optimism for regulatory reforms that could benefit them, but the landscape has become increasingly complex [3] Group 2 - Bank regulators are proposing significant rollbacks of regulations established by the Dodd-Frank Act, which was implemented after the 2008 financial crisis, indicating a shift in regulatory approach [4] - The Federal Reserve is considering relaxing key capital requirements for large banks and is engaging in discussions about the regulation of smaller community banks [5] - The Trump administration's regulatory relief for the crypto industry is creating new competition for traditional banks, as some crypto firms are seeking banking licenses [6] Group 3 - Bank lobbyists are actively working to prevent non-bank crypto platforms from offering interest on stablecoin balances, arguing that this practice creates less-regulated entities that operate like "pseudo-banks" [7]