Balance your trading strategy by adding futures.

CME Group helps you manage risk and capture opportunities in all market environments.

Capitalize on around the clock access to highly liquid global futures and options markets across all major asset classes.

Visit your online broker and get started.

See what adding futures can do for you at CMEgroup.com slash podcast.

Derivatives are not suitable for all investors and involve the risk of losing more than the amount

originally deposited and any profits you might have made. This is not a recommendation to offer

to buy, sell, or retain any specific investment or service.

Hey, everyone. We're doing something a little different for our show this week.

Earlier this month, I traveled to London to attend the Financial Times' Global Banking Summit.

While I was there, I moderated a panel with some of my colleagues, and we talked about what the banking sector is going to look like over the next four years under a second Trump administration.

And now we're going to play that conversation for you right here. So enjoy.

Good afternoon and welcome. My name is Michaela Tendera. I'm the host of the F.T.'s podcast Behind the Money.

This afternoon, we're going to be talking about what Donald Trump's election in the U.S. means for,

well, you, the banking sector. So I will just quickly introduce my panelists here. So we have Michael Climes from the banker. We also have

Brookmasters, the FTs, U.S. Financial Editor, and Ortenza Aliye, the FTs, banking editor. So

thank you guys for being here. So we have all now had, it's been almost a month, to digest the news of America's election result.

And what the Trump administration is actually going to be looking like is starting to come together.

We've seen that Gary Gensler is going to be leaving the Securities and Exchange Commission.

Scott Besson's been tapped to lead the U.S. Treasury.

So, Brooke, I want to start with you as you are typically based in New York. Even just glancing at share prices, you know, we know that U.S. banks welcomed Trump's election.

So why are U.S. banks so happy about this?

...