All Quiet On the Banking Front, or So It Appears

Like an iceberg, which is mostly hidden under water, the banking world, too, is certainly less visible these days. It is summer, so it is not unexpected, but yet it feels different. In the past, at this halfway point, everyone was off in a celebratory mood knowing volume budgets were achievable with bonuses surely to follow. Today, some of the banking community may be on vacation but, in the main, the bankers are mainly hunkered down in their offices/bunkers working not on the next deal but how to carefully manage and protect their portfolios to mitigate losses. For the moment

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