What Trump 2.0 Means for Banks, Crypto and More

4 snips

Jan 19, 2025

Meg Tahyar, head of the Financial Institutions Group at Davis Polk, shares her expertise on upcoming banking regulations in a potential second Trump administration. She discusses how these changes may differ from his first term, impacting banks and cryptocurrency. The conversation highlights the regulatory landscape's influence on market dynamics, and the ongoing tension between traditional banking practices and emerging fintech. Expect insights on both opportunities and challenges for financial institutions in a changing economic environment.

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INSIGHT

Bank Capital and Lending

Banks need more capital to lend less, reducing profitability.
This trade-off between safety and lending is crucial in a growing economy.

INSIGHT

Bank Mergers and Stock Prices

Increased bank mergers, especially among regional banks, are expected in 2025.
This trend could boost bank stocks, as acquisitions often occur above market price.

INSIGHT

Crypto and Banking: Frenemies?

Crypto and traditional banking may coexist as "frenemies," not direct competitors.
Similar to private credit, crypto could start as competition but evolve into partnerships.

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On WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos discuss the latest news on the L.A. fires and their impact on the insurance market. Then, they get into Donald Trump’s presidential inauguration and Wall Street’s reaction to the new administration. A who’s who of big tech like Tesla’s Elon Musk, Meta’s Mark Zuckerberg and even TikTok CEO Shou Chew will reportedly be in attendance. Gunjan and Telis also dig into bank earnings following surging profits for some of the largest banks, like Goldman Sachs and JPMorgan Chase. Telis shares what to look out for ahead of regional banks, including Fifth Third and Keycorp, and credit card companies, such as Capital One, reporting earnings this week.

Later on, Meg Tahyar, head of the Financial Institutions Group at the law firm Davis Polk, joins the co-hosts to talk about what to expect when it comes to banking regulation in a second Trump administration, how it might differ from his first term, and what regulations may mean for banks, crypto and more.

This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead.

Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com.

To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com.