JP Morgan CEO says US banks are ‘on’

A senior JPMorgan Chase executive said US banks are “on the cusp of a good start” and their “animal instincts are alive”, as a lighter regulatory regime under President Donald Trump is likely to spur deal-making in the world’s largest economy. the world.

Speaking at the World Economic Forum in Davos on Tuesday, Marie Erdoes, head of asset and wealth management at Wall Street Bank, said she was “optimistic” that Trump’s regulatory approach would boost the US economy and remove some of the burden on the banking sector. Industry by the Biden administration.

“If you look at the last administration and the number of significant new regulations, it was eight times the number of significant new regulations versus the previous Trump administration,” Erdos said.