BankThink is the hub for American Banker's opinion content.
Our contributors span a broad spectrum of viewpoints but share a deep knowledge of banking and a willingness to speak their minds. The views expressed are those of the writers.
On the whole, large banks appear to have primed their books for a rebound in rates: levels of short-term assets relative to short-term liabilities are now higher than they have been during roughly the past decade. The postures of individual institutions vary widely, however.
Despite richer returns available further out on the yield curve, large banks have generally not shifted toward long-dated securities, according to regulatory data.
Growth was particularly brisk at institutions with less than $20 billion of assets, where CEO compensation measured 2% of total payroll expenses, a far higher level than at larger banks.
Annual meetings held by Citi and Bank of New York Mellon have been shaken by investor dissent over executive pay, and observers anticipate more rebukes in the coming month.
It is 2010 and the subprime market is gone, but if the terms found in many bonds and syndicated loans being bought by U.S. banks are any indication, it is still 2005 in those markets.
To continue, please log in, register or subscribe.
