J.V. Rizzi
ConsultantJ.V. Rizzi is a banking industry consultant and investor.
J.V. Rizzi is a banking industry consultant and investor.
Banks must come to grips with the fact that adapting to the industry's transformational changes means having new faces in the corporate suite.
Banks need to be self-critical in evaluating a growth strategys chance of success while realizing that its hard to rebound from a growth failure.
Restrictions on bank ownership act as a de facto poison pill, discouraging potential activist investors from challenging underperforming bank managers. Ease those restrictions and the market will do its job.
The combination of falling stock prices, higher-risk strategies and signs of worsening credit quality does not bode well for the industry's road ahead.