{"id":134179,"date":"2025-01-15T09:01:00","date_gmt":"2025-01-15T14:01:00","guid":{"rendered":"http:\/\/kendallharmon.net\/?p=134179"},"modified":"2025-01-15T18:07:25","modified_gmt":"2025-01-15T23:07:25","slug":"economist-will-donald-trump-unleash-wall-street-bankers-have-plenty-of-reason-to-be-hopeful","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=134179","title":{"rendered":"(Economist) Will Donald Trump unleash Wall Street? Bankers have plenty of reason to be hopeful"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">According to Jamie Dimon, chief executive of JPMorgan Chase and king of Wall Street, bankers were elated upon&nbsp;<a href=\"https:\/\/www.economist.com\/finance-and-economics\/2025\/01\/01\/what-investors-expect-from-president-trump\">Donald Trump\u2019s<\/a>&nbsp;election victory. Many chafed under Joe Biden\u2019s presidency, as mergers and bank fees faced additional scrutiny, and new capital-market rules came thick and fast. Now, with the inauguration of Mr Trump imminent, American financiers will discover just how much cause they have for celebration.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The industry will certainly experience an abrupt change in how it is overseen. America\u2019s regulatory agencies will take a permissive approach in banking and beyond, with new priorities when enforcing securities laws. Crypto is about to go truly mainstream. And looser rules could enable the consolidation of America\u2019s banking system, home to a vast number of small and mid-sized lenders. The only danger, from Wall Street\u2019s perspective, is that the Trump team\u2019s&nbsp;<small>MAGA<\/small>&nbsp;instincts and chaotic approach prevent a deregulatory boom.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.economist.com\/finance-and-economics\/2025\/01\/15\/will-donald-trump-unleash-wall-street\">Read it all<\/a>.<\/p><blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\">My first piece in the new gig. Will Trump unleash Wall Street?<br><br>Banks and PE have good reason to be excited. But the sector that has by *far* the most to gain is crypto, which is about to be treated as part of mainstream finance for the first time.<a href=\"https:\/\/t.co\/QFUDd1YeUc\">https:\/\/t.co\/QFUDd1YeUc<\/a><\/p>&mdash; Mike Bird (@Birdyword) <a href=\"https:\/\/twitter.com\/Birdyword\/status\/1879642415822516534?ref_src=twsrc%5Etfw\">January 15, 2025<\/a><\/blockquote> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n","protected":false},"excerpt":{"rendered":"<p>According to Jamie Dimon, chief executive of JPMorgan Chase and king of Wall Street, bankers were elated upon&nbsp;Donald Trump\u2019s&nbsp;election victory. Many chafed under Joe Biden\u2019s presidency, as mergers and bank fees faced additional scrutiny, and new capital-market rules came thick<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=134179\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[616,665,599],"tags":[],"class_list":["post-134179","post","type-post","status-publish","format-standard","hentry","category-office-of-the-president","category-president-donald-trump","category-stock-market"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/134179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=134179"}],"version-history":[{"count":5,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/134179\/revisions"}],"predecessor-version":[{"id":134185,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/134179\/revisions\/134185"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=134179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=134179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=134179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}