((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
January 6 – **US bank stocks jump with the S&P 500 Banks Index .SPXBK, which tracks large-cap US lenders, latest up ~1.85%; the KBW Regional Banking Index .KRX is also trading up ~2%
** Michael Barr, the Fed’s top regulator, said he plans to leave his post on Feb. 28, avoiding a potentially messy legal battle with President-elect Donald Trump over his future at the American central bank
** The central bank said in a statement it would not take any major regulatory action until a successor to the regulator role is confirmed
** Mr. Barr’s departure paves the way for Mr. Trump, who will be sworn in on January 20, to appoint all of the U.S. government’s new banking regulators
**US lenders hope regulatory landscape will be easier under the new Trump administration
-** Major US banks JPMorgan Chase JPM.N, Wells Fargo WFC.N, Goldman Sachs GS.N, Morgan Stanley
MS.N, Citigroup CN and Bank of America BAC.N rose 1.2% to 3.8%
** Regional banks Western Alliance WAL.N , Banc of California BANC.N and Customers Bancorp CUBI.N were up 3.9% to 2.9%
Swiss
