J.V. Rizzi

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 strategy’s chance of success while realizing that it’s 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.