Mar
02

Mayo Says Investors Must Be Vigilant If Bank Regulations Eased

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  • Analyst dismissed by CLSA says reforms can’t sacrifice safety
  • Still sees room to eliminate red tape and unnecessary burdens

Mike Mayo, the banking analyst formerly with CLSA Ltd., said investors will have to be more diligent in assessing the strength of the industry if the Trump administration follows through on promises to ease regulatory burdens.

“We collectively, especially investors, need to hold corporations and their managements and boards of directors more accountable” now that the push is on to roll back government rules meant to protect consumers and shareholders, Mayo said Thursday in an interview on Bloomberg Radio. “What I’ve been proud of is holding truth to power — holding managements accountable.”…

Mayo Says Investors Must Be Vigilant If Bank Regulations Eased

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