This is not what global financiers had in mind when they placed their bets on Trump 2.0.
Less than 100 days into the new US administration, bankers from Wall Street to Shanghai’s Pudong and the City of London are bracing for soured loans, canceled deals, forfeited fees — and perhaps threats to their own jobs. Credit markets are paralyzed, while mergers and initial stock offerings are being pulled amid fears of recession.
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