🟡 Trade wars undermine the influence of American banks on the global stage 🌍💸
— The global dominance of US banks is at risk. According to WSJ, prolonged trade conflicts initiated by the Trump administration may lead to a loss of clients and a shift towards banks outside the US.
📉 Despite a $130 billion surplus in global trade in financial services,
— The largest US banks — JPMorgan, Bank of America, Citi — may lose their positions.
💬 Jamie Dimon (JPMorgan):
"Clients and countries are starting to look at us differently because of politics. This is a risk we will have to reckon with."
📊 Context:
— In 2024, 5 out of 5 leaders in investment banking are American banks
— But now — threats of diversification:
• JPMorgan has daily transactions in 160 countries
• Bank of America has a +14% growth in foreign loans
• Citigroup — so far without losses, but with high caution
📌 Essence: politics affects even those who control trillions.
And this opens a window of opportunity for non-American banks and crypto-finance.
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