Good (Bad) Banks and Good (Bad) Investments: At the right price.
Musings on Markets
MAY 7, 2023
The notion of computing a cost of capital for a bank is fanciful and fruitless, and any attempt to compute an enterprise value for a bank is destined to end in failure. The other was that the bank regulatory framework operated effectively , preventing banks from overreaching on risk or being under capitalized.
Let's personalize your content