KBW CEO Michaud on Bank Consolidation, Fed

The video discusses the consolidation trends in the banking industry, highlighting a significant reduction in the number of banks since 2009. It explores the challenges faced by banks, such as a flatter yield curve and low interest rates, and anticipates potential Federal Reserve rate increases. The impact of technology on bank compensation and headcount is examined, along with the political landscape's influence on banking reforms.

What role does technology play in the banking industry's workforce?

What potential reforms are being discussed in Congress that could impact the banking system?