“当我们观察贷款需求和对企业的信心时，我们看到人们希望通过选举周期来了解我们到底要往哪里走，以及政策到底会是什么。”他补充说。①Wall Street executives have expressed caution as the direction of the US election, the Russia-Ukraine conflict, and the Middle East war make investors cautious; ②Wall Street executives are concerned that Trump's plan to raise import tariffs may reignite inflation, while his promised tax cuts could widen the USA's deficit.
Caixin Media October 25th News (Editor Huang Junzhi) Banking executives gathered in Washington have expressed caution as the direction of the US election, the Russia-Ukraine conflict, and the Middle East war make investors cautious.
CEO of Wells Fargo & Co Charlie Scharf said, "The uncertainty surrounding the elections has led people to pause their investments to some extent."
"When we observe the demand for loans and the confidence in corporations, we see that people want to understand where we are headed through the election cycle, and what the policies will be," he added.
Investment bankers and lawyers reportedly told the media last month that companies have begun postponing plans for transformational trades until after the US presidential election, as they hope for more certainty in the new government's regulations and economic policies.
Robin Vince, CEO of Bank of New York Mellon (BNY), agreed with this, adding that clients prefer to make major decisions only after the situation becomes clearer. The USA Vice President and Democratic presidential candidate Kamala Harris and her opponent, former Republican President Donald Trump, are currently in a dead heat.
Chief Executive Officer of the Institute of International Finance, Tim Adams, stated that the election results will not only affect fiscal, trade, and tech policies, but also influence USA's relationships with other countries, causing concern among investors.
Wall Street executives are concerned that Trump's plan to raise import tariffs may reignite inflation, while his promised tax cuts could widen the USA's deficit.
However, at a meeting on Wednesday and Thursday, they also said that with the clarity of the policies after the US election on November 5th, people are becoming more optimistic about economic activities. Bankers hope that demand and investment will rebound next year.
Ana Botin, Executive Chairman of Banco Santander, said, "I do believe that investments will pick up after the election."
Geopolitical Risks.
In addition, the conflicts in Russia and Ukraine and the wars in the Middle East have intensified uncertainty, causing investors to hesitate.
Jamie Dimon, CEO of JPMorgan, said, "It may decrease over time... but it may not either. Mistakes happen, look at how we ended up in the Second World War."
