"A powerful conservative organization with advisors close to former President Donald Trump is proposing a full-scale overhaul of the federal government, including the role it plays in the banking system, upping the stakes for bankers in the 2024 presidential election.

In 2016, Trump won the presidency as a relative unknown in banking policy circles, said Ed Mills, managing director and Washington policy analyst at Raymond James.

'And the banks woke up the day after the election without knowing virtually anyone in the Trump orbit, and they didn't have a plan about what they wanted to ask for from the Trump administration,' he said. 'Neither Trump nor the banks are going to make the same mistake this time.'"