JPMorgan says U.S. banks in ‘go-mode’ under President Trump, FT reports

A senior JPMorgan (JPM) Chase executive said U.S. banks are in “the beginning of go-mode” and “animal spirits are alive” as Wall Street bets a lighter regulatory regime under President Trump will spur dealmaking in the economy, Simon Foy and Ortenca Aliaj of The Financial Times reports. Speaking at the World Economic Forum in Davos, Mary Erdoes said, “If you look at the last administration and the number of new, significant regulations, it was eight times the number of significant new regulations versus the prior Trump administration.”