(Reuters) Deregulation may not mean the death knell of Dodd-Frank, yet it may help lenders do more of what their name implies: lend. That is the message from investors on the first day of the Reuters Global Investment Outlook Summit, despite U.S. President-elect Donald Trump’s pledge to reduce regulations that he believes inhibit banks from profiting.
Trump’s successful White House run has fueled a big rally in bank stocks, with the KBW Nasdaq Bank Index .BKX, comprised of the nation’s largest commercial and regional banks, up 13.6 percent in just four trading days following the election.
