Jamie Dimon, CEO of JPMorgan Chase, expressed that many bankers are thrilled about Trump's victory, viewing potential deregulation as a remedy for stifled credit and business.
Dimon emphasized, 'You could talk to any industry...of regulations that could be reduced and make it easier for them to do business while keeping the country safe...'
Wells Fargo analyst Mike Mayo highlighted that Trump's presidency is anticipated to be a 'regulatory game changer for banks,' which may lead to less severe oversight.
Despite his positive outlook on Trump's influence, Dimon confirmed he would not join the President-elect's cabinet, as he prefers his independence from corporate governance.
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