US elections: whoever wins, Wall Street loses

Republican nominee is no fan of bankers and a Democrat Senate would block reform of Dodd-Frank

A Republican victory in next week's US election is unlikely to yield any significant concessions in post-crisis derivatives regulation for the largest swap dealer banks, Washington insiders are warning – dashing the expectations of Wall Street lobbyists who are pinning their hopes of rolling back elements of Dodd-Frank on a Donald Trump presidency.

"Frankly, I don't think the banking community will receive much relief either under a [Hillary] Clinton or Trump White House. If Trump wins, I don't