Election 2024

Election Preview

Trump Harris

What's at stake for bankers in the 2024 election

Analysts are watching both Vice President Kamala Harris and former President Donald Trump for potential regulatory picks, as well as how strongly Trump advocates for policies like tariffs and deportations that could impact the economy, inflation and bankers' prospects.

Markets welcomed the news of a second Trump presidency.

"If you had the Trump trade on for the last six weeks, it's been outstanding," said Ed Al-Hussainy, a rates strategist at Columbia Threadneedle Investment. "The question is these winning runs don't last forever and is this a good time to take profits."

While the message from investors is broadly positive, there is also a stern warning in the market gyrations.

The surge in Treasury yields underscores concerns that Trump's policies will swell an already bloated budget deficit and reignite an inflation spiral that the Federal Reserve was only just finally quelling in the wake of the pandemic. 

Read about how they reacted here.

37d ago
New York City's Election Night
Bankers favor Trump for regulatory relief
38d ago
Bank group urges bankers to make friends across political spectrum
38d ago
President-elect Trump Meets With Lawmakers On Capitol Hill

The top executives at some of the nation's largest banks spoke Tuesday about their expectations for the second Trump administration. Deregulation, capital rules, tariffs and inflation were all prominent topics.

December 10
6 Min Read

Multimedia

Capital, liquidity and politics: Silicon Valley Bank one year later
The failures of Silicon Valley Bank, Signature Bank and First Republic shook the banking system and sparked renewed debate among regulators and lawmakers about deposit insurance, bank capital and liquidity rules and resolvability. One year later, some of those policy debates have fallen by the wayside while others have been amplified.


Additional coverage
SBA website
SBA

Kelly Loeffer would lead an agency that is critically important to community banks, which make tens of billions of dollars in loans annually under its largest loan program.

December 5
Key Speakers At The Satellite 2020 Conference

The Consumer Financial Protection Bureau has long been a target for conservative ire, but dismantling it would require Congress' cooperation.

November 27
CFPB

Enforcement actions from the Consumer Financial Protection Bureau still fresh in the mind of financial leaders have renewed hopes that a second Trump administration will favorably alter the agency's future.

November 18
dimon and trump

The president-elect had previously said he would consider JPMorgan Chase CEO Jamie Dimon for Treasury secretary but later disavowed that statement.

November 14
Rep. French Hill, R-Arkansas

The Arkansas Republican, who could be the next chairman of the top banking panel in the House, could find some areas of agreement with Democratic Senate Banking Committee ranking member Elizabeth Warren on issues like failed bank resolution reform.

November 14
Republican Presidential Nominee Donald Trump Holds Election Night Party

President-elect Donald Trump beat banker predictions to surpass Vice President Kamala Harris on his way back to the White House, leaving many surprised but hopeful for a relaxed regulatory environment.

November 12