Financial markets|Banks and bankers may be in for record profits and huge incomes next year when Donald Trump changes the rules.
For investment banks golden times may come when Donald Trump will become president of the United States next year.
There may be a huge deal boom ahead, and for investment banks it means record-breaking returns, reports the news agency Reuters.
The reason for this is that Trump is believed to lighten regulation and facilitate, among other things, business arrangements that investment banks make.
There may be, for example, acquisitions, mergers and stock market listings.
Cross-border deals are also believed to increase, when, for example, European companies are expected to seek growth in the United States, whose economy is believed to be boosted by Trump.
This could push investment banking revenues to $316 billion worldwide next year. In the past, their revenues have crossed the $300 billion mark only five times in 20 years. The information appears from the calculations of the financial consulting company Coalition Greenwich.
Stock trading will also contribute to the increase in their profits, the profits of which are expected to reach their highest level since 2022 next year.
It is believed that the growing profits will also swell the bankers’ own wallets, although salaries and other compensations will hardly reach the level of the peak year 2021.
The consulting company Johnson Associates has estimated that bankers’ salaries will increase next year in all other sectors except real estate investment.
The headhunters have also had enough of fun, when some banks hired more people after Trump’s victory.