The Financial Sector Prepares for Recession | Marc Rubinstein
Monetary Matters with Jack Farley
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Tariffs and the Financial Sector
This chapter examines the impact of tariffs on the financial sector, particularly highlighting the historical context of the Smoot-Hawley tariffs. It explores the challenges faced by major banks like Standard Chartered and Citigroup in light of declining global trade flows and contrasts the approaches of U.S. and European banks in navigating these complexities. Additionally, it discusses the competitive advantages of U.S. financial institutions within the global market, emphasizing the implications of protectionist policies and regulatory differences.
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