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Reg rageNovember 30 2020

Banks anxious over incoming Biden administration

The US has elected Joe Biden, a Democrat, to the White House — a development loaded with implications for the country’s big banks in terms of taxation and regulation. 
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On November 3, the US voted to put a Democrat in the White House. Joe Biden, the president-elect, has different ideas to the current Republican administration run by Donald Trump. 

Rather than trying to push economic growth to the max and “make America great again”, Mr Biden’s focus will be on environmental and social issues. 

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