In some ways, banks have become bad utilities, with utilities, you have strict regulation in what you can do and charge, but in the end investors get a reasonable return. With banks, that last piece hasn't happened. Fred Cannon More Quotes by Fred Cannon More Quotes From Fred Cannon Overall it's shaping up to be a pretty challenging quarter because of the net interest rate environment. Fred Cannon business But if we start to see meaningful credit deterioration that would change our minds about how we think about the banks. Fred Cannon business Deposit costs are rising, but they didn't go up quite as much as people expected. Fred Cannon top-news The banks really have very low credit costs and those can go higher. Fred Cannon business
