JPMorgan Braces for ‘Impactful’ First Two Years of Trump

The first two years under Donald Trump’s second term could be “quite impactful” if policy changes are made on tax, deregulation and crypto, according to Stefan Gratzer, managing director at J.P. Morgan Private Bank.

“One really differentiating thing Trump had in his policy was about crypto, so let’s see how this plays out,” Gratzer, who is head of institutional wealth management for Switzerland at J. P. Morgan, told a conference in Kuwait on Sunday. “This could be completely new, and nobody knows what this is going to mean. There’s a lot of talk about deregulation that is obviously beneficial for banks like us at the moment but again, we need to see.”