American Banker: Banks cautiously optimistic about Bessent pick for Treasury

American Banker, December 2nd, 2024, Banks cautiously optimistic about Bessent pick for Treasury

The banking industry has largely applauded President Trump’s nomination of Scott Bessent — a hedge fund veteran and former George Soros associate — to lead the Treasury Department, but whether he is able to wield influence in an administration with a markedly anti-establishment bent remains uncertain.

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