BusinessQuiet 73d · day 74
Bessent pushes for lighter regulation on small banks at G20
Treasury Secretary argues post-crisis financial rules have squeezed small banks, in remarks to CEOs at the G20 finance ministers meeting.
What to know
- Bessent told CEOs at the G20 finance ministers meeting that post-crisis regulations have disproportionately squeezed small banks.
- The remarks were shared exclusively with Axios ahead of the gathering.
- Business leaders including JPMorgan's Jamie Dimon and Goldman Sachs' David Solomon are participating in the U.S.-led G20 alongside finance ministers and central bankers.
Scott Bessent U.S. Treasury Secretary
Jamie Dimon JPMorgan Chase CEODavid Solomon Goldman Sachs CEO
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