US banks make record buybacks on Trump’s looser rules and choppy markets
Six largest lenders spend $33bn on shares, smashing market forecasts
Six largest lenders spend $33bn on shares, smashing market forecasts

Investors fret over growing strains in private credit and risks of AI disrupting the software industry

Average time to complete a deal has fallen to four months

Moves to allow higher leverage and overhaul stress tests have driven increase in market capitalisation

Lenders have prospered under Trump as they pay lower rates of interest to savers and write more loans

Corporates try to take advantage of market rebounds rather than risk further turbulence or US midterm elections

Wall Street cheers plans that would water down protections designed to avoid repeat of 2008 financial crisis