KBW CEO Sees `Very Big Headwinds' for European Banks

The transcript discusses the performance and challenges of European and American banks, highlighting the profitability improvements in big banks like Bank of America due to tax reforms and share repurchases. It also covers the outlook for regional banks, emphasizing the importance of deposit betas in a rising interest rate environment. The consolidation trend in the banking sector is explored, noting a high percentage of mergers despite fewer banks. Finally, the impact of scale and digital banking is examined, with big banks leveraging digital strategies to maintain competitiveness.

What trends are observed in bank consolidation since the global financial crisis?

Discuss the impact of digital banking on large banks in America.