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Big US banks could see fat payday under Trump

His election bolsters chances for pro-growth measures, tax cuts, and loosening of Dodd-Frank law and other rules

Mr Schwarzman, a major Republican donor tapped by Mr Trump to chair an advisory council of business leaders, said "you're going to have a very substantial reversal in regulations of all types".

New York

AFTER eight years of unrelenting scrutiny and billions of dollars in legal settlements, the banking industry suddenly is facing a more hospitable political climate in Washington next year.

Prior to Nov 8, Wall Street had been girding for a potential Democratic victory that...