Blackstone's Schwarzman is bullish on Trump regulatory overhaul

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.

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)