The six biggest Americans banks may return to the country $100 billion. But this is only in case that president Donald Trump’s administration manages to relief regulations in the banking sector. This evaluation by the RВС Саріtаl Маrkеtѕ was published today by business publication Тhе Wаll Ѕtrееt Јоurnаl (WЅЈ).
Analytics suppose that returning these funds to USA’s economy may happen under the form of paying dividends to shareholders and buying back company shares.
In comparison, Investment bank Morgan Stanley ‘s analyzers evaluated the potentially returned to USA funds as $120 billion dollars.
“It did not seem that banking regulations were amongst new administration’s earliest priorities. So, it is, a lasting positive that such actions by the Executive powers take place earlier than it was expected” Jason Benowitz, senior portfolio manager at the Rооѕеvеlt Іnvеѕtmеnt Grоuр, noted before the WSJ.
On Friday, February 3, President Donald Trump signed a decree for loosening regulations in US finance sector. Before that, Trump had repeatedly declared that he was going to put a new bill that would cancel the currently acting Dodd-Frank Wall Street Reform Act.
The Dodd-Frank Act was accepted in July 2010, aiming to diminish risks for American financial system after the 2008 Mortgage crisis. It significantly changed the financial market and its regulating by the federal authorities. Also, a new organ was established – the Financial Stability Oversight Council.