Executives from J.P. Morgan, Goldman Sachs, Morgan Stanley and Citigroup spread their cash to Democrats Joe Biden, Kamala Harris and Pete Buttigieg in the second quarter. This comes amid a lack of policy proposals on handling the banks from them.
Executives at Wall Street's biggest banks have begun throwing financial support to their early favorites in the 2020 Democratic presidential field: Joe Biden, Kamala Harris and Pete Buttigieg.
Democratic U.S. 2020 election presidential candidates Mayor Pete Buttigieg, former Vice President Joe Biden pose during the second night of the first Democratic presidential candidates debate in Miami, Florida, June 27, 2019.Executives at Wall Street's biggest banks have begun throwing financial support to their early favorites in the 2020 Democratic presidential field: Joe Biden, Kamala Harris and Pete Buttigieg.
Elizabeth Warren and Bernie Sanders, the other top candidates in the field of 20-plus, have set the tone in the campaign by calling for breaking up big banks and eliminating tax loopholes that favor the wealthy. Likewise, Biden, Harris and Buttigieg have all slammed Wall Street, vowed to close the wealth gap and pledged to strengthen the middle class. They haven't unveiled specific policy proposals for contending with big banks and Wall Street, however.
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