12 hours Ago
Why finance is still dominated by bold individuals A t this time of year, as they await their Christmas bonuses, people on Wall Street ponder their worth. Two questions can sharpen the mind of even the most senior employee. Imagine first accepting a position in Donald Trump’s new administration.
How great a financial loss would your employer suffer? Before Mr Trump picked Scott Bessent as his treasury secretary, two of America’s biggest financial institutions weighed that question. Analysts quizzed Jamie Dimon, the boss of JPMorgan Chase, about whether he would leave the bank for public office. Shareholders of Apollo worried about a future without Marc Rowan, who has transformed the investment firm in recent years.
Explore more Discover more Hong Kong’s property slump may be terminal Demographics and geopolitics will make a recovery harder Why everyone wants to lend to weak companies An unanticipated side-effect of Donald Trump’s election victory American veterans now receive absurdly generous benefits An enormous rise in disability payments may complicate debt-reduction efforts Why Black Friday sales grow more annoying every year Nobody is to blame. Everyone suffers Trump wastes no time in reigniting trade wars Canada and Mexico look likely to suffer How Trump, Starmer and Macron can avoid a debt crunch With deficits soaring, their finance ministers will have to be smart.
