Bank Stocks Brace for Higher Rates
RBC Capital Markets Large Cap US Bank Analyst Gerard Cassidy joins Bloomberg Open Interest to explain why Bank of America’s regulatory settlement wasn’t a complete surprise and how rising rates...
By Bloomberg Markets · Bloomberg Markets
RBC Capital Markets Large Cap US Bank Analyst Gerard Cassidy joins Bloomberg Open Interest to explain why Bank of America’s regulatory settlement wasn’t a complete surprise and how rising rates could affect bank margins. He also discusses AI investment, credit risks, and State Street’s selloff as investors reassess expectations across the banking sector. (Source: Bloomberg)