Bank executives monitoring US election and geopolitical uncertainties for future business decisions.

From Investing.com: 2024-07-12 14:46:06

Banking executives are closely monitoring the U.S. election and geopolitical uncertainties as they make business decisions for the upcoming quarters. President Joe Biden is facing criticism after a lackluster debate performance against Donald Trump. Wells Fargo CFO Mike Santomassimo notes clients are considering the impact of the election on activities like debt issuance and M&A. JPMorgan Chase CFO Jeremy Barnum says election discussions are happening but not financially material. BNY CEO Robin Vince mentions ongoing geopolitical risks alongside the election.



Read more at Investing.com: Factbox-Top bank executives’ take on US presidential elections By Reuters