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When Donald Trump wins the US election in November, many bankers and money manager predicted a presidency to create a bonanza for American finance. Now he can be the Wall Street’s Achilles ball.
Large banks and money managers in the last 15 years have been in March. Banks have been restored sooner than the 2008 financial crisis than their European rivals, and since today. Goldman Sachs, JPMorgan, Morgan Stanley and Bank of America, each caught at least 5 percent of the global investment banking premiums each last year. The best European Bank Barclays took a total of 3.3 percent.
Meanwhile, US money managers collected assets with a record and compression fees. In some quarters, BlackRock wrote more revenues combined with the entire European asset management industry. The Americans also predominate the prison by holding four of the first five nests.
All of them benefited from the US economy, deep capital markets and international buyers of American capital and bonds. Trump’s latest securities and banking guards have the final selection of the latest regulators to lead the latest regulators, and the industrial cake appeared.
However, when America’s finances appeared, Trump took the carpet. Its aggressive “Freedom Day” tariffs, partially watched a 90-day break, sent the markets to a scan. Other combat policies, including weapons and financing consultants, foreign companies and governments are dependent on US financial institutions and their use of financial institutions and prefer governments.
Foreign firms revise US relations, looking for local service providers and now develop emergencies to lend more than less stable dollars.
Governments, technology and banking pour the laissez-faire relations with the advantage of US. “We have always been this fear between the European regulators, do we depend on the companies from us? This was always’ US, ‘would you prefer the Chinese?’ Now both of these factors have changed, “says UK UK regulator.
Google, Microsoft is difficult to reduce dependence on US technology as a lack of European alternatives, but it is a different story in financial services. European banks are as big as large as large or worldwide wall street animals, but their best employees are professionals to raise funds and graduate plants.
Prior to firing on world markets, Trump has raised concerns about the wisdom of Swiss MPs, SFR46BN for SFF46BN. State Street, Switzerland government was able to maintain the contract after aware that the change of early providers in the contract will significantly increase the cost. However, the next time European states and companies may seem close to home for the next time.
“We have already lost several bond deals … you just say that you know that we would like to do the United States with a local bank with a local bank compared to the US Bank,” he said, “said Jamie Dimon,
Bankers and regulators said they would be surprised to see rapid regulatory changes in the direction of Hemming in American financial companies. Demand for new rules requires time and official changes can invite the United States to take revenge.
However, there are fewer visible ways to the disadvantage of American institutions. Supervisors may persecute various types of liquid assets to compensate higher capital rates of US banks protecting local exercises and the risks associated with Trump. You can also open a more type of eye on American innovation.
“Slow-walking is something that is happening in the US application (a new asset management product or a bank’s risk models),” a former regulator told me. “Throw a little sand to the transmitters.”
Despite the new obstacles they face their opponents, European financiers were browsed. Investment bankers suffer from compounds and purchases from a global narrow and believe that the tariff will further depression of uncertainty. Active managers are concerned about the possibility of hole market customers return money and both groups of global decline.
As a high-level European banker writes to me, there is “this confusion.”
