Here Is What's Next for Banks After Fed Governor Daniel Tarullo Steps Down
Here is what's next for banking stocks after Federal Reserve Governor Daniel Tarullo announced he is stepping down.
Top banking regulator and Federal Reserve Governor Daniel Tarullo announced he is stepping down in April, leaving an important economic post for President Donald Trump to fill. TheStreet's banking editor James Langford said investors expect Tarullo's replacement to share the Trump administration's desire to lighten banking regulation. Bank stocks rose following news of Tarullo's resignation. Tarullo still had some five years left on his term. He was appointed by President Obama and played a key role in shaping banking regulation in the aftermath of the financial crisis. TheStreet's Scott Gamm reports from Wall Street.
