Why US Banks Are Trying to Turn Themselves Into Super Apps

Bullish:

• $COMMUNITYBANKS - Support for community banks may increase due to concerns about favoritism towards large banks, potentially benefiting smaller financial institutions.

  • “I really think we need to be careful about giving benefits and picking winners and losers, and that's what we have been doing is essentially picking the very largest banks as the winners and others as the losers.”

    Rohit·44:54

Bearish:

• $STABLES - Regulatory concerns and potential limitations on stablecoin issuers' influence in commerce and finance could pose risks to the sector.

  • “I think we need to be really careful about giving any of those firms the ability to really have a big footprint either on speech or on commerce, and that is part of the reason why most developed countries have separated banking and commerce.”

    Rohit·38:18
• $BNPL - Buy Now, Pay Later services face increasing regulatory scrutiny and concerns about consumer debt, which could impact their growth and profitability.

  • “Buy now, pay later, strangely, was not really homegrown in America. It came from other jurisdictions. It was popular in Sweden, Australia, and now it is a major form of credit just so everyone understands what it is.”

    Rohit·49:15

  • “We are seeing states all over the country, though, looking to beef up protections because they see how this could create a treadmill of debt for people.”

    Rohit·52:49