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Cautious optimism' for banking industry: Next Trump administration could bring a burst of tailwinds, but positives could be offset.

Authors :
Nobile, Jeremy
Source :
Crain's Cleveland Business; 11/25/2024, Vol. 45 Issue 44, p1-1, 1p
Publication Year :
2024

Abstract

The article discusses the potential impact of a future Trump administration on the banking industry, with a focus on regulatory changes. There is cautious optimism among bankers that a friendlier regulatory landscape could lead to reduced expenses, more lending opportunities, and potentially spur M&A activity. However, concerns exist about other factors that could offset these positives, such as potential tariffs and mass deportations impacting the economy negatively. Overall, the industry is cautiously optimistic but acknowledges the uncertainty of the future. [Extracted from the article]

Details

Language :
English
ISSN :
01972375
Volume :
45
Issue :
44
Database :
Supplemental Index
Journal :
Crain's Cleveland Business
Publication Type :
Periodical
Accession number :
181209390