A Wrongheaded Take on the Effects of Dodd-Frank
From Reuters, on Wednesday: Banking rules meant to protect the U.S. financial system from collapse are not harming the economy or damaging financial markets, the chairman…
Cam Fine Is Still Wrong About The Big Banks
The ICBA’s Cam Fine is at it again. Here he is in Friday’s American Banker: While representatives of the largest financial institutions portray their firms as indispensable…
Chart of the Week: Why Big Banks Have an Enduring Advantage
From my pal Jason Goldberg at Barclays, a neat visual summary of why big banks’ competitive advantage is material and likely permanent. Over the past decade…
For The Sake Of The System, Banks Should Be More Profitable
Sizing up the state of the banking industry in the aftermath of Dodd-Frank, The New Yorker’s James Surowiecki makes this observation: Profit-making opportunities for banks have…