In the City: Trump May Be Great News for European Banks
Leaders with Francine Lacqua
Bloomberg
4.6 • 64 Ratings
🗓️ 13 March 2025
⏱️ 19 minutes
🧾️ Download transcript
Summary
In this week’s episode of In the City, we explore whether more European businesses will decouple from American companies and Wall Street. Bloomberg deals correspondent Dinesh Nair describes the Trump-induced separation as yet another “unprecedented” rupture initiated by the Republican president. But it could be good news for Europe in the long run, being the spark needed the unify and galvanize European leaders into securing their own defense industries and economies.
“I’m not sure if he’s making America great again,” Nair says of Trump. “But he’s definitely trying to make Europe great again.”
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Transcript
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| 1:12.0 | capitals. I'm Allegra Stratton. And I'm David Merritt. So Dave, a big story in the deal in |
| 1:17.5 | defence space broke this week. Italian aerospace and defence company Leonardo replaced American |
| 1:23.0 | Bank, Bank of America, with German lender Deutsche Bank. Yes. And this story really struck me, along with a few others that we've seen this week. |
| 1:32.1 | For example, we heard out of Italy that the government there is rethinking a potential deal |
| 1:36.3 | with Elon Musk's Starlink and instead considering a European alternative such as France's |
| 1:42.5 | util SAT. And these start to add up to a picture, don't they, Allegra, of European companies having |
| 1:49.9 | another thing about the custom that they're sending over the Atlantic. |
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