Trump takes aim at Dodd-Frank

President Trump plans to repeal Dodd-Frank regulationsWhile Donald Trump and Johnny Depp may not appear to have much in common, they are both weighing in at different ends of the spectrum on whether or not the financial services industry requires more or less regulation. Depp is in dispute with his former managers whom he accuses of mismanaging his finances. He has filed 11 complaints and is seeking damages of more than $25 million. Trump, meanwhile, has reaffirmed this pre-election promises to loosen regulations by reversing post-financial-crisis reforms designed to discourage excessive risk-taking – including the dismantling of the Dodd-Frank law of 2010. Read more…

Trouble at the top as Barclays oust boss

Barclays Chief Executive ousted in boardroom falling outBarclays Chief Exec ousted in boardroom falling out

British bank Barclays has announced that boss Antony Jenkins has been ousted from his job by a disgruntled board just three years after he was promoted to the job in the wake of the Libor scandal. Jenkins is being replaced for now by chairman John McFarland following unrest over the board’s desire for bigger cost cuts and more focus on the investment bank’s performance. Read more…