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May 4, 2016

American Banker: Unpredictable Trump Presents Challenge for Banks

“Donald Trump’s decisive victory in the Indiana primary late Tuesday has cleared the path for him to become the Republican nominee for president – but hasn’t cleared up the lingering doubts many bankers have about the real estate magnate.”

“Just six months out from the general election, Trump’s positions on banking issues remain a complete mystery aside from a general pledge to roll back the Dodd-Frank Act.”

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“Dennis Kelleher, president and chief executive of the public interest group Better Markets, was more critical of Trump, saying “he apparently thinks slogans are policy.” He warned bankers that supporting Trump could backfire.

“The banking industry and the finance industry frankly need predictability within a certain reasonable range, and that is exactly what no one is going to get from Donald Trump. In fact, Trump prides himself on not being predictable and not being specific,” Kelleher said.”

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Read the full American Banker article by Ian McKendry here.

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