Story 318

Donald Trump’s decision to publicly praise Citigroup and Jane Fraser for an M&A ranking Citi does not actually hold is a remarkable moment in itself. Multiple financial news outlets noted that the ranking cited by Trump did not align with the major Wall Street league tables, leaving bankers and analysts scrambling to figure out what metric he was referencing. Yet the more interesting story is not the ranking error. It is the increasingly public association between Trump and Citi leadership.

Personally, I think it’s great. When powerful institutions and influential political figures become publicly linked, it becomes harder for either side to operate in the shadows. When future investigations, congressional inquiries, regulatory reviews, or historical examinations of the Trump era occur, the relationships between political power and corporate power will receive scrutiny. Public praise creates a visible record. Transparency is almost always preferable to ambiguity, and visibility makes accountability easier for everyone involved.

The same way Kathy Ruemmler of Goldman Sachs is trying to pretend she didn’t know Epstein, by 20208, so, too, will Fraser claim she didn’t know Trump. Count on it.

Trump heaps praise on Citi for M&A ranking it doesn’t have

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