Election 2024

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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.

17d ago
New York City's Election Night
Bankers favor Trump for regulatory relief
18d ago
Bank group urges bankers to make friends across political spectrum
18d ago
Kamala Harris

Vice President Kamala Harris outlined a raft of populist economic proposals in her first major economic speech since securing the Democratic presidential nomination, including some aimed at lowering housing costs and boosting supply.

August 16
2 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
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Reading the tea leaves this election for bank policy is more difficult than years past, experts say, but there are still hints about where former President Donald Trump and Vice President Kamala Harris stand.

September 18
Shoppers In Atlanta Ahead Of Retails Sales Figures

Lower inflation doesn't equate to lower prices, and costs of living may still be higher than pre-pandemic, especially rents. But the varying cooldown could help.

September 11
Donald Trump and Kamala Harris onstage at the presidential debate.

Vice President Kamala Harris sought to outline proposals on housing and a child tax credit, while former President Donald Trump highlighted an aggressive tariff plan.

September 10
A red Tesla Model S and a sign pointing to an auction of Solyndra assets.

Emerging clean technologies championed by the Biden administration — ones that commercial banks may be too risk-averse to back at the scale needed — stand to lose a critical funding source if Trump is elected.

September 9
Former President Donald Trump said he would create a U.S. sovereign wealth fund to pay for infrastructure projects if he wins the presidency in November.

It's the latest proposal for a type of national infrastructure financing structure in lieu of the municipal bond market.

September 6
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The Republican presidential nominee laid out his economic platform during a speech at the Economic Club of New York.

September 5