Pro-Growth Policies Expected from President-Elect Trump

By Tatiana Bautzer and Nupur Anand

NEW YORK (Reuters) – President-elect Donald Trump is anticipated to adopt pro-growth policies aimed at easing U.S. banking and credit card regulations, while encouraging deals, industry executives noted during a panel at the Reuters NEXT conference in New York on Wednesday.

Denny Nealon, CEO of Barclays U.S. Consumer Bank, expressed his hope that the new administration would use this opportunity for a reset. He mentioned the credit card competition act as a potential destabilizer for the credit card market, which could ultimately harm consumers, referencing rules from the Biden administration.

Akita Somani, head of inclusive growth strategy at U.S. Bancorp, commented that the new administration seems more inclined towards deregulation. She anticipates that new policies will foster industry growth by making mergers and acquisitions more feasible and less cumbersome than current regulations.

To view the live broadcast of the World Stage, visit the Reuters NEXT news page.