The Institutional Risk Analyst

The good news is that Webster is not a bad bank and SAN is not overpaying, although the low level of capital and reserves may represent be a significant expense for SAN in the near term. We kind of liked the fact that SAN’s management team had avoided another bank acquisition and instead focused on consumer finance...

The Powell Fed needs to drop short-term interest rates back down to 4% and leave them there indefinitely.

Benevolence, as Chris and I noted in our book "Financial Stability," always gets you more bang for the buck than being miserable.