Big Banks, Cronies Profited in Trump’s First Year

The first year of Donald Trump’s second term as US president has been a highly profitable one for the Trump family and its inner circle.

Big banks saw their stocks rise by 29% over the past 12 months.

Much has already been reported about the web of conflicts—the unapologetic ethical morass—that defines the second Trump administration, including the Trump family’s cryptocurrency ventures, foreign business dealings, military contracts, and more, Derek Seidman reported for Truthout.

But beyond the Trump clan itself, major industries and their billionaire leaders—from Wall Street to Silicon Valley, Big Oil to Big Crypto—have also benefited enormously from the administration’s first year.

Many of these corporate actors have cozied up to Trump through large campaign and inauguration contributions, as well as donations to his White House ballroom project.

They have been the clear winners over the past year, raking in billions from a policy agenda overseen by Trump and an administration stacked with billionaires and industry-friendly regulators.

Big banks, in particular, saw their stocks rise by 29% over the past 12 months.