🏦 Ken Wilcox, a former CEO of Silicon Valley Bank, warns that Trump’s deregulation agenda could lead to more bank failures. He argues that without strong regulatory enforcement, “banks will run amok”. ⚖️ Trump has pledged to cut regulation, already dismissing CFPB director Rohit Chopra. Wilcox predicts weaker consumer protections and resistance to higher capital requirements under “Basel Endgame” rules, a move banks have lobbied for. 🚨 Wilcox also raises concerns over growing anti-Fed sentiment among some Republicans, suggesting a “major-league crisis” may be brewing. With regulation at a crossroads, the risk of financial instability is rising. Read more here: https://on.ft.com/42BXC9J