Wall Street Banks Walk a Trump Tightrope

“In a three-day period this week, President Donald Trump sued JPMorgan and its chief executive, snubbed the head of Bank of America and doubled down on capping credit card interest rates, an industry cash cow,” the Financial Times reports.

“The chaotic week encapsulated the experience of U.S. lenders in Trump’s second term: executives are caught in a jarring contrast, balancing the constant risk of his ire against the benefits of the most bank-friendly policy agenda since the financial crisis.”