Political risk

In depth: political risk introduction

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November’s US presidential elections are creeping closer, and the country’s banks are backing the Republicans. The American Bankers Association has contributed $1.4 million directly to the two parties, with over three-quarters of it going into the GOP’s coffers. Individual bank contributions are almost as partisan – and those are just the funds handed straight to the parties. Reliable figures on lobbying spend are harder to come by, but are estimated to be many times h