A Deep Dive Into Banking With KBW's Tom Michaud

The transcript discusses the impact of the yield curve on banks, the effects of negative interest rates, and the need for fiscal policy and regulatory changes. It highlights the challenges faced by large banks like Citigroup due to regulation and suggests that smaller banks may have advantages. The discussion also covers trends in investment banking, mergers, and the potential impact of new regulations on merchant banking, particularly for Goldman Sachs.

How has the landscape of investment banking changed over the years?

What are the advantages of mid-sized firms compared to larger banks?

What impact does the regulatory environment have on the banking sector?