Regulation

The new administration and Republican-controlled Congress have a historic opportunity in 2017 to bring banking into the 21st century.

In a message to employees Wednesday morning, JPMorgan Chase Chief Executive Jamie Dimon said the election of Donald Trump as president reflects a "deep desire for change.”

While Washington scrambles to make sense of President-elect Donald Trump's victory and Republicans' control of both chambers of Congress, the implications of the 2016 election on the Financial Stability Oversight Council will be swift and severe, analysts say.

Voters in South Dakota on Tuesday overwhelmingly approved a measure to cap interest rates on payday, installment and auto title loans at 36%, while rejecting a competing amendment sponsored by a large payday lender.

Voters in Florida, North Dakota, Montana and Arkansas approved medical marijuana measures on Tuesday, while their counterparts in California, Massachusetts and Nevada approved recreational pot initiatives.

There was another surprise Tuesday as Republicans managed to keep a Senate majority following the elections, likely giving the gavel of the Banking Committee to Sen. Mike Crapo, a right-of-center Idaho lawmaker who has proven willing to reach across the political aisle in the past.

The New York real estate mogul Donald Trump defied all conventional wisdom by winning the presidency, a huge upset that is sending shock waves through the political and policy establishment. During the campaign, Trump eschewed providing details on many issues, instead just providing a broad outline of his policy positions. Following is a guide to what Trump has said.

Despite more than a year of campaigning and discussing various issues, Donald Trump remains a huge question mark when it comes to banking policies — making it unclear exactly what his priorities would be as president.

Housing was the talk of the campaign two presidential elections ago, but it stayed under the radar in the 2016 race, leaving plenty of room to speculate about President-elect Donald Trump's likely mortgage policy for the next four years.

Republican presidential nominee Donald Trump's shocking victory late Tuesday left world markets rattled, and financial services companies facing an uncertain future. But once they adjust, financial institutions are likely to embrace Trump's de-regulatory agenda.