Donald Trump’s remarkable election as president and the Republican sweep of Congress offer a boon for mergers among mid-sized regional banks while dealing a potential blow to the biggest financial institutions through a House plan to change, if not repeal, the Dodd-Frank financial reform law.
The results have opened the door over the next couple of years for legislation that would raise the $50 billion threshold at which a big bank automatically becomes designated systemically important to some higher level, regulatory analysts in Washington said.
