Reported 5 days ago
Following President Trump's announcement of new tariffs, Wall Street experienced significant market turmoil, prompting Citigroup's top banking official to convene senior bankers for a global meeting aimed at encouraging direct communication with clients. The sudden changes in trade policy led to widespread uncertainty among businesses, prompting many banks to strategize on managing client relations while privately worrying about the impact on their own bonuses. Investment banks reported a wave of client inquiries regarding the implications of the tariffs, with many deals being delayed or canceled as the market responded to the unpredictability of Trump's policies.
Source: YAHOO