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INSIGHT: U.S. banks hope for lighter regulation – but Trump not expected to ease AML rules

AML RULES: File photso shows a hat in support of Republican Donald Trump, after he won the U.S. presidential election, at the New York Stock Exchange (NYSE) in New York City, U.S., November 6, 2024.

By Pete Schroeder and Lananh Nguyen

AS Wall Street financiers gathered in downtown Manhattan on Wednesday, their optimism about President-elect Donald Trump’s deregulatory agenda was tempered by uncertainty over his personnel and policies.

Bankers were still bullish on deals. They expected friendly regulators to be installed atop key agencies, sweeping away onerous regulations.

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