Latest / Eurodollar University
With deposits still falling, govt/Wall St trying desperately to figure out what to do.
Treasury Secretary Yellen held talks with major Wall Street CEOs and bank advisors, raising the subject of further bank mergers. Though that part of the discussion wasn't in the official readout, it was reported anyway and something Yellen had already said in public just a little while ago. There is every reason to believe there is more big trouble ahead. Govt/Wall Street discussions of "mergers" is just more confirmation.
Eurodollar University's weekly conversation w/Steve Van Metre
Reuters: Yellen expects US regulators to be open to mergers among midsize banks…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.