Stefan Gratzer, JPMorgan's managing director, believes that policy changes on tax, deregulation, and crypto under Trump's government could have a significant impact on banks during the first two years. Gratzer emphasizes the importance of Trump's policy on crypto and highlights the optimism surrounding his promised deregulation and tax cuts. He suggests that a deregulated crypto market could drive new business for US lenders. Analysts also note that Trump's policies could be a game changer for the banking industry, reducing regulatory risks and driving loan growth. As a result, bank stocks and crypto prices saw significant gains following Trump's reelection. The ripple effects of Trump's policies will also be felt globally, particularly by European banks struggling to compete with US rivals due to stricter oversight and low profitability. However, the pace of deregulation will depend on the new regulators and policymakers that Trump appoints.



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