Wall Street makes peace with Biden win but is wary of some of his allies

Wall Street has made its peace with a Joe Biden victory, taking comfort in his decades-long political career in which moderation is a prevailing trait. But it’s nervous about his more liberal allies.

Finance executives will be closely watching how Biden handles the coming internal Democratic fight between centrists and progressives that threatens to increase regulation and dent profits.

Firms are counting on his business-friendly inner circle -- a group that includes long-time Democratic stategists, corporate lawyers and former lobbyists -- to exert the most influence in selecting nominees for agencies like the Treasury Department and the Securities and Exchange Commission that