Banks are increasingly benefiting from a lack of stringent regulatory oversight, largely due to changes in administration priorities and the supportive legal environment established by recent judicial appointments.
Under Biden's oversight, attempts to implement stricter rules on large banks faltered, indicating a regulatory environment that favored financial institutions at the cost of systemic safety.
The appointment of conservative judges during Trump's first term created a legal landscape less favorable to rigorous bank regulation, leading to significant victories for major financial institutions.
Analysts warn that with a potential return of Trump to the presidency, existing regulations aimed at curbing risky practices among large banks may face further dismantling.
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