Wall Street firms have skirted penalties more in the first six months of Donald Trump’s presidency than in the first six months of 2016, a comparable period in the Obama administration, according to a new analysis by The Wall Street Journal.
A business-friendly shift at regulatory agencies, delays from the changing administrations and the winding down of cases from the financial crisis are among the factors the Journal cites for the decrease.
Penalties issued by regulators for Wall Street have dropped by nearly two-thirds in the first half of 2017 compared with the same period a year earlier. That pace puts regulators on track for the lowest annual level of fines since at least 2010.
Regulators issued $489 million in fines in the first half of 2017 compared with $1.4 billion in the first half of last year.
The Wall Street Journal has the full story (subscription may be required).
