Goldman Sachs Exchanges A perfect setup for the financial sector?
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Dec 20, 2024 
In this conversation, Richard Ramsden, the Business Unit Leader of the Financials Group at Goldman Sachs Research, and Alex Blostein, an expert on the asset management industry, delve into the promising landscape for financial services. They discuss the potential recovery in capital markets and the impact of a steepening yield curve. Ramsden highlights how potential regulatory easing under a new administration could shape bank performance, while Blostein explores shifting trends in asset management, including the move towards fixed income and private equity.
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Banks and the Macroeconomy
- Bank performance depends heavily on the economy, impacting net interest income and credit quality.
- Regulatory changes and capital market activity are also key influences.
Tariffs and Bank Revenue
- Tariffs could impact banks by affecting interest rates and the yield curve.
- A steeper curve, without a recession, could boost bank revenue through asset repricing.
Regulatory Shifts and Banks
- Potential regulatory shifts could significantly impact bank capital requirements and merger activity.
- The new administration may review capital standards, considering costs and benefits.