Joe Brown says bank deregulation could unlock more lending capacity, citing a JPMorgan report

What was said

"On top of that, further bank deregulation is still advancing in Washington. JP Morgan released this report that says bank deregulation is what they see as the next phase of this administration's economic agenda. Currently, 13 the top 13 US banks hold approximately $200 billion in excess capital that they are not able to use right now, but deregulation would enable them to allocate this excess capital towards loan growth."

Heresy Financial host Joe Brown says bank deregulation is “advancing in Washington” and argues that, if short-term rates fall, banks could have greater incentive and capacity to expand lending. He cites what he describes as a JPMorgan report calling deregulation the next phase of the administration’s agenda, and says the top 13 US banks hold about $200bn in excess capital that deregulation could allow them to deploy into loan growth.