Evercore's Schlosstein on Post-Crisis Banking, Fiscal Policy, M&A

The transcript discusses Evercore's growth as an independent investment bank, its strategic response to the financial crisis, and the current health of the banking system. It highlights the Federal Reserve's role in crisis management, economic risks, and fiscal policy challenges. The discussion also covers trends in M&A, market dynamics, and the rise of activism in the market.

What role does liquidity play in the stability of financial institutions?

What is the significance of the capital cushion in the banking system?

What are the implications of the current fiscal policy on the economy?

How has the attitude towards activism defense changed in recent years?