KBW CEO Michaud on Bank Consolidation, Fed

The video discusses the consolidation trends in the banking industry, highlighting a significant reduction in the number of banks since 2009. It explores the challenges faced by banks, such as a flatter yield curve and low interest rates, and anticipates potential Federal Reserve rate increases. The impact of technology on bank compensation and headcount is examined, along with the political landscape's influence on banking reforms.

What percentage of banks have disappeared since 2009 due to consolidation?

• 50%

• 75%

• 25%

• 10%

What is one of the main challenges currently facing the banking industry?

• Decreasing regulatory issues

• Increasing number of banks

• Flatter yield curve

• High interest rates

What is the market's probability expectation for a rate increase by December?

• Less than 30%

• Exactly 60%

• Around 40%

• Greater than 50%

What is causing pressure on bank compensation and headcount?

• Higher bonuses

• Increased hiring

• Reduced expenses

• Technological impacts

What political event is being closely watched for its impact on banking regulations?

• Presidential election

• Congressional races

• State governor elections

• Supreme Court decisions