Banks Cheer as Trump’s Regulatory Rollback Spreads to Europe

SocGen CEO keeps a desk magnet reading "Stop Basel Endgame!" — a lighthearted symbol of Europe's frustration as banks push Brussels to roll back parts of global capital rules to catch up with U.S. deregulation.
The U.S. has relaxed big post‑crisis banking rules, giving American banks a competitive edge and prompting the EU to propose changes to free up capital and boost lending.
Regulators (especially the ECB) are nervous — officials warn easing rules could threaten stability, setting up a tense transatlantic debate over safety vs. competitiveness.