How Bad Is It? What’s
Coming
Future of NY Financial Services Sector
Future of NY Financial Services Sector
8
§More concentrated. Fewer, bigger global banks. Highly capitalized but
regulated.
§Less Leveraged.
–
Commercial Banks: 10 x 1
–
Investment Banks: 30 x 1 (or
higher)
–
Fannie/Freddie: 70 x 1 (or
higher)
– Future: closer to 10 x 1