Blackstone's Schwarzman is bullish on Trump regulatory overhaul

By By Dan Freed Features Reuters

(Copyright Reuters 2016)

Blackstone Group LP Chairman and CEO Steve Schwarzman said on Tuesday he expected to see a "very substantial reversal of regulations of all types," for the financial sector, following Donald Trump's U.S. presidential election victory.

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Schwarzman, who was picked by Trump to chair a panel of business leaders who will give him advice, said the changes would boost U.S. growth and attract foreign investment.

(Reporting by Dan Freed in New York; Editing by Chris Reese and Andrew Hay)