A Wall Street sign is seen in Lower Manhattan in New York

Wall Street bearish on Trump's call to scrap financial reform law

A Wall Street sign is seen in Lower Manhattan in New YorkU.S. banking lobbyists said on Wednesday they disagree with presidential candidate Donald Trump’s call for a wholesale repeal of President Barack Obama’s financial reform law, even though they share his view that it is overly burdensome. U.S. banks do want changes to the 2010 Dodd-Frank law but after spending millions of dollars to bring themselves into compliance with it, they are wary of Trump’s call for it to be essentially scrapped. “Dodd Frank has made it impossible for bankers to function,” he told Reuters in an interview.

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