When rates rise, it's just difficult to make money. It's going to be hard on a lot of players.
More Quotes from David Hendler:
Swiss bank accounts. If O'Neill is waking up and smelling the coffee, things must be really bad.David Hendler
The whole name of the game in banking right now is trying to generate high-interest-yielding assets. That's what the credit card business is. Everyone has these deposits right now. They have to put them to work.
David Hendler
A flat or inverted curve has been difficult for banks to manage. But if there are associated inflation expectations built into the lower end of the curve, it might make it easier for banks to price loans, so the cost of funds is less than the yield on their assets.
David Hendler
There weren't any real black eyes for Merrill this quarter. It was good for them, and it was good almost everywhere.
David Hendler
The flat yield curve was really hurting them.
David Hendler
I think he definitely has a shot. It was their goal at the beginning of the season. It would be a real nice victory.
David Hendler
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