Commentary

Could the shunned US dollar hurt Wall Street? Don’t hold your breath

The banks are unlikely to suffer if the world’s dominant currency loses its safe status

A digital composite of a dollar bill paper boat sinking amidst falling graph lines.
A digital composite of a dollar bill paper boat sinking amidst falling graph lines. Photo: Getty Images

David Wighton is a columnist at Financial News

Donald Trump’s efforts to ‘make America great again’ could make the US’s banks not so great — or so some of their rivals hope.

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Bank of New York Mellon Approached Northern Trust to Discuss Potential MergerExternal link

Bank of New York Mellon Approached Northern Trust to Discuss Potential Merger