The Great Wall Street’s financial institutions do not hide their approval for choosing.
“I would be excited to see Mickey Boman’s appointed:” Goldman Sachs (In the roomFox News reports last week, CEO David Solomon said, when his probable appointment appeared by several media outlets.
“I think the industry will be inspired.”
David Soghomon, Executive Director of Goldman Sachs. (Reuters / Mike Blake) ·Reuters / Reuters
The reason is that Bowman is likely to control US giant US banks in a new direction, as the trump card simplifies that it wants to limit lenders based on lenders.
The appointment of Bowman is considered “main, bank shift,” said Jan Tsang Executive Director of the capital, Alfa last week.
For example, the milk expects Bowman is instrumental in release of giant lender wells (:Wfc) From the order of the 2018 Federal Reserve Agreement, which limits it from growing up.
Bowman is expected to review a A new series of conflicting capital rules It is recommended former control vice president for Michael Barl, which would be creditors to put larger buffers aside for future losses.
Requirements are based on the international collection of capital requirements, which is known as the Basel III forced for the decade after the 2008 financial crisis.
The salon in Monday evening says that if he wins the Senate, he will “promote a safe and healthy banking system, a pragmatic approach.”
US Federal Reserve Michel Bouman. (Eric Baradat / AFP Via Getty Images) ·Eric Baradat through Getty Images
He can still face some opposition Senator Elizabeth Warren, the Democrats of the Senate Banking Committee.
Warren said in two statements on Monday evening that he has “deep concerns” that “Bouman’s appointment” will bring another Cycle of Wall Street Deregulation, which risk working families.
At the moment, Boman’s nomination is a clear signal from the Trump’s administration that the White House wants to make changes to how lenders are regulated.
But so far in the second time of Trump, as things have been much more complicated for banks and their investors, as well as new Trump’s anti-monopoly police officers signal They are not going to transfer free to the big mergers and New uncertainties around the president’s tariff plans Leave a lot of business when making great steps.
KBW NASDAQ Bank Index: The main indicator of the US banking sector (:^ Bkx) In February, he rose by 15%, but during the previous month he erased his post-election interests and is now 1% in the election night.
NASDAQ GIDS – Delayed QuoteForwardUSD
Nearby. March 18 at 5:15: 59 EDT
Hopes that can also be for M & A Boom. Last week, Goldman Sachs cut its forecast for M & A transactions in 2025, predicting the increase in volume instead of 25% will be 7%.
There are other continuing complications for banks.
Are some Grill Whether they “recognized” certain customers to keep conservative views or in the field of cryptic industry.
The conflict began in Davos, Switzerland in January, when the President elected the Bank of America (:Yard) General Director Brian Moynihan Õ¥Ö‚ JPMorgan Chase (Museum) CEO Jamie Dimon. Both banks have denied the lawsuit.
One speaker told the Yahoo Finance that “does not close and does not close customer accounts for political reasons.”
Citigroup (C) It is another reason in the political struggle of the new administration.
The New York Bank has sued by a non-traditional climate environment, which froze a federal grant in front of the Federal Grant Grant on February 18. Citigroup is managed as a manager for some government grant funding.
The EPA of the Trump administration has stopped grants of $ 20 billion to pass “software fraud, waste and abuses, agency priorities”.
“Citibank … only did everything to serve his customers when Citibank is obliged to act next week.
David Holerts is a senior Yahoo finance journalist, which includes other areas of banking, crypto and finances.
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