/6 Regulatory policy is one lever. Treasury Secretary Scott Bessent cited deregulation of banks as a centerpiece of the Administration’s agenda. He’s questioned whether capital charges—like those under the Supplementary Leverage Ratio (SLR)—are impeding banks from holding more Treasuries.

A big win for Cadence Bank. Of particular note is that the FDIC could have easily taken Industry’s six bank subsidiaries into receivership in 2024 but did not. The thread below on FDIC’s cross-guarantee authority was authored with Industry in mind. americanbanker.com/news/cadence-t…

Industry’s banks avoided FDIC receivership for multiple reasons, including heavy nerves post-SVB, Signature, First Republic in 2023, and political optics.

An interesting chart from In Gold We Trust. Many believe gold runs only during inflation. This point is commonly misunderstood. Gold is actually strongest during periods of deflation, and we’re in a deflationary environment right now.

on.ft.com/4miq6wB US poised to dial back bank rules imposed in wake of 2008 crisis