Neuberger Berman's Salzmann Says Yield Curve Flattening Is Not Good for Banks

The video discusses the yield curve's impact on banks, particularly during economic downturns. It highlights that while the yield curve is often seen as an indicator, it should not be the sole factor in financial decisions. The discussion also covers reasons for being underweight on banks, focusing on net interest margins and loan growth, which have not met expectations despite favorable conditions.

What did Lori Calvin mention about the yield curve's impact on banks during economic uncertainty?

According to the discussion, why might the yield curve not be a reliable single indicator for banks?

What reasons were given for being underweight on banks a year ago?

How did the net interest margins and loan growth perform compared to historical trends?

What was the expectation regarding net interest margins a year ago, and what was the actual outcome?