US Regional banks are outperforming the main bank index. It’s easy to lift regulations on smaller community banks, by de-fanging the nanny-state Consumer Finance Protection Agency. It’s hard to reform big banks with systemic importance.
US President Donald Trump speaks during a NEC listening session with CEOs of small and community banks in March. Photo: AFP, Jim Watson
Regional banks outperforming in bank rally
It’s easier to cut regulations on small banks.