Four Big Banks Lose $37.60 Billion in Market Cap in Trump Fallout

By Pam Martens and Russ Martens: May 18, 2017 Four of the largest Wall Street banks that were counting on a powerful President Trump to roll back Dodd-Frank financial reform regulations lost a combined $37.60 billion in their market capitalization yesterday. The worst hit in terms of percentage decline was Bank of America, parent of the giant brokerage firm Merrill Lynch, which fell 5.92 percent for a market cap loss of $14.14 billion. Goldman Sachs, … Continue reading