A Troubled Future Remains for Global Banks
— September 14, 2017
By Roy C. Smith
The data we used to form our opinion has been consistent since 2009, but the most recent set was as of December 30, 2015.
Since then, many things have happened to challenge this view. After the election of Donald Trump as President of the US the S&P 500 stock index rose 17.5%. As they continually surpassed record levels, stock markets hummed with speculation about improved economic growth rates, a strong dollar, and a sizeable reduction in US financial and other regulation. The banking sector was to be a major beneficiary of these positive expectations.
Read the full article as published by Financial News.
Roy C. Smith is the Kenneth G. Langone Professor of Entrepreneurship and Finance and a professor of Management Practice.