Big U.S. banks could see profit jump 20% with deregulation

THE SIX BIGGEST U.S. BANKS are poised to make a combined $27 billion of gross profit if the government shifts to changes to post-crisis banking rules proposed by Donald Trump’s administration. / BLOOMBERG
THE SIX BIGGEST U.S. BANKS are poised to make a combined $27 billion of gross profit if the government shifts to changes to post-crisis banking rules proposed by Donald Trump’s administration. / BLOOMBERG
NEW YORK -  The deregulation winds blowing through Washington could add $27 billion of gross profit at the six largest U.S. banks, lifting their annual pretax income by about 20 percent. JPMorgan Chase & Co. and Morgan Stanley would benefit most from changes to post-crisis banking rules proposed by Donald Trump’s administration, with pretax profit…

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