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How Trump Vs. Harris plays Wall Street

That’s because the major candidates — former President Donald Trump and vice president Kamala Harris — are at opposite ends of the spectrum on many fundamental issues. Therefore, the outcome could have far-reaching consequences for people’s lives and the economy, said Richard Haass, former president of the Council on Foreign Relations.

“This is one of those rare elections where the differences probably outweigh the similarities, and that’s why it’s such an important election here at home for American democracy and also around the world for American foreign policy,” Haass, senior adviser to the investment bank. Centerview Partners, said in a recent conversation with Goldman Sachs titled “2024: Election Year.”

For bankers, traders and Wall Street executives, the election will also affect their jobs and business prospects, from trade relations with the US to demand for mega-mergers. Trump is expected to be good for cryptocurrency, for example, but bad for trade with China — and the list goes on.

Wall Street billionaires, therefore, are placing their bets, literally, by contributing money to the candidates of their choice.

To see where top Wall Street leaders stand ahead of Tuesday’s debate, Business Insider scoured the Federal Election Commission’s website for individual donations from Wall Street leaders between 2023 and August. The data showed donations from leaders in investment banking, private equity and hedge funds, including Blackstone and Evercore. BI, however, found zero donations to either candidate from the heads of major publicly traded investment banks, including Goldman Sachs, JPMorgan, Citi, Bank of America and Morgan Stanley.

BI’s FEC data search may not include some more recent donations because the agency uploads new data monthly. Also, donations made to Harris’ campaign before July represent donations to President Joe Biden’s re-election campaign that were transferred to Harris after Biden dropped out of the race. We will update this list as new data becomes available.

See below to find out which Wall Street moguls are voting for which candidate in the 2024 presidential election, in alphabetical order:

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