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Wall Street’s Win Streak With Trump Regulators Dangles by Thread

June 24, 2020, 3:40 PM

For Wall Street, this week might mark the end of the sweeping period of financial deregulation that has defined the Trump era.

Bank regulators will meet Thursday to wrap up a major revamp of the Volcker Rule and to scrap a constraint that’s forced lenders to set aside ten of billions of dollars to backstop derivatives trades. If President Donald Trump fails to win a second term, the changes will probably be among the last that watchdogs he’s appointed will get done before a new cast of agency heads takes over.

This push “could certainly represent the last wave of ...