Banking On Our Future: The Value of Big Banks in a Global Economy
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By Patrick Sims, 202-822-1205, email@example.com
- U.S. banks are already smaller and safer than their global competitors;
- The loan syndication market is no substitute for big, global banks;
- In the event of a break up, the global competitive landscape will rebalance in favor of foreign banks and the shadow banking sector; and
- Ultimately, breaking up U.S. banks will not improve the safety of the global financial sector and would reduce U.S. influence over the financial sector globally.
Patrick Sims is a Director of Research at Hamilton Place Strategies. Prior to joining HPS, Patrick acted as the lead research analyst in the financial institutions’ group at SNL Financial and worked for the CFA Institute. He is a finance and international business graduate of James Madison University and studied EU Policy at the University of Salamanca, Spain.