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For Professional Clients and, in Switzerland, for Qualified Investors only. In Israel for Sophisticated Investors only.
English
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© 2019. BNY Mellon Investment Management International Limited. All rights reserved.
IDEAS AND KNOWLEDGE TO INSPIRE YOUR INVESTMENTS THINKING
24 January 2019

Banks: a phoenix from the flames?

Ten years ago, it may have felt like the world was going to end. The financial system appeared broken and banks were to blame. Valuations in the sector fell dramatically and we saw government bailouts around the globe. A decade on and things have changed.US regulators have imposed higher capital requirements and financial services companies have been forced to raise their game. As a result, the banking sector is in much better shape and now looks very different indeed. For one thing, the US is not facing the same national housing issue it was 10 years ago, financial services have less leverage and more liquidity than they have had in decades. In this sense, the global financial crisis (GFC) provided an opportunity to get things right. We believe the US banking sector now looks more resilient than ever: it has not only survived previous downturns but has stood tall.

 

John Bailer, US equity income manager. Mellon, a BNY Mellon company

 

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Investment Managers are appointed by BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA) or affiliated fund operating companies to undertake portfolio management activities in relation to contracts for products and services entered into by clients with BNYMIM EMEA or the BNY Mellon funds.

Mellon was formed on 31 January 2018, through the merger of The Boston Company and Standish into Mellon Capital. Effective 2 January 2019, the combined firm was renamed Mellon Investments Corporation.

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