Top Wall Street bankers are all drooling over the prospects of speculative banking under the incoming Trump administration, according to Jan. 16 coverage in the flagship newspaper of City of London speculative financiers, the Financial Times. The daily used the occasion of the Senate confirmation hearings of Trump’s nominee for Treasury Secretary, Scott Bessent, a high-rolling hedge fund manager who was a partner at Soros Fund Management for many years, to argue their case in an article headlined “Donald Trump’s policy pledges unleashing ‘animal spirits’, Wall Street bankers say.”
They wrote: “Top executives from several of Wall Street’s biggest banks on Wednesday offered upbeat outlooks for this year, particularly for their investment banking businesses, which have surged in revenues in recent months…. Goldman Sachs chief executive David Solomon on Wednesday said: `There has been a meaningful shift in CEO confidence, particularly following the results of the US election’… JPMorgan chief financial officer Jeremy Barnum said the US was in an ‘animal spirits moment’.”
