Moody s, Fitch and S&P began downgrading some U.S. banks this month, but some of the banks have adapted to the new macro-environment and are better credits than in 2021.
of the main reasons our big banks are incompetent and reasons americans are so divided by race. aid i don t logs who used the bank bailout to kill american mare i to be crease, that s a big step, mostly unacknowledged, but we are living with consequences. so, you have to ask yourself, what are they going to do this time? what we know we are about to see bank consolidation, big banks eating leg banks, that means less competition, more consolidation means more government control. what are they going to do with that control? all things being equal, if people don t exert pressure, it means digital currency, that politicians control. cbdc app to get your food stamps. do you think that is not coming? they would like it come in any case. we did notice that the four biggest banks, are doing well. and we
they re going to start losing to the regionals who are now perceived to be protected. that s what happens when you start down this bailout road. i do think that bailouts reinforce bank consolidation and inevitably hurt the smaller institutions. and i really hope the regulators don t let that happen again. sheila bair, thank you very much. i appreciate your time with your unique perspective. i want to go now to an entrepreneur and the founder of patron spirits as well as co-founder of john paul mitchell systems pair products. you know, started small and whatever banking you were doing, and obviously built you would be dealing with banks on very, very large transactions. so, in your capacity, business owner and founder, if you were a small business right now with all your money in a regional bank, what would you do right now? first of all, i love you out there, and you got me on at the right time. i love a journalist like you that goes after the truth period. so i m going to tell
(Bloomberg) An expected wave of European bank consolidation will be driven by local mergers rather than the kind of headline-grabbing, cross-border deals many see as necessary to creating regional champions.That’s because weak stock prices in the sector are curtailing the fire-power required for lenders to pull off truly transformational deals, advisers say. A fragmented regulatory landscape and risks associated with sovereign debt exposure could also keep tie-ups within national borders.“There is a sense in some boardrooms that share prices have to improve before making major strategic moves,” said Andreas Lindh, co-head of JPMorgan Chase & Co.’s financial institutions group in Europe, the Middle East and Africa. “No one wants to act from a position of weakness.”Bank valuations in Europe remain near historic lows, with lenders battling rock-bottom interest rates and costs linked to regulation, restructurings and aging technologies. At t