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Industry Update: “Clearly We are in a Slow Growth to No Growth Environment”
Naomi Snyder, editor-in-chief at Bank Director
Bank stocks rebounded in 2012 from a difficult year in 2011, but there still are enormous challenges for the industry in a low interest rate, low growth environment, said Keefe, Bruyette & Woods Vice Chairman John Duffy, speaking at Bank Director’s annual Acquire or Be Acquired conference in Scottsdale, Arizona, last week. The KBW Bank Index, which tracks the largest banks in the industry, was up 30 percent in 2012, compared to 10 percent for the KBW Regional Banking Index, and 13 percent for the S&P 500 Index. For investors, bank stocks look “cheap” because they are trading so much...
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Editor-in-Chief Naomi Snyder is in charge of the editorial coverage at Bank Director. She oversees the magazine and the editorial team’s efforts on the Bank Director website, newsletter and special projects. She has more than two decades of experience in business journalism and spent 15 years as a newspaper reporter. She has a master’s degree in journalism from the University of Illinois and a bachelor’s degree from the University of Michigan. You can contact Naomi at [email protected].