Reported 1 day ago
The onset of Trump's second term has surprised Wall Street with a significant slowdown in dealmaking, the slowest in over a decade, and challenges such as threats to a tax break for hedge funds and intensified regulatory scrutiny on mergers. Major banks faced political pressure amid accusations of 'debanking' certain customers, while corporate valuations remain high, contributing to a cautious M&A environment. Despite these challenges, major bank stocks have performed well since January.
Source: YAHOO