Blackstone's Schwarzman is bullish on Trump regulatory overhaul

By FeaturesReuters

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)