Matt Levine, Columnist

Boring Banks and Silly CDs

Also SecDB, Exxon, politics, whistle-blowers, sexual health products and bond market liquidity.

September 7, 2016 at 1:17 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Banking is boring.

Here is a big article about how boring banking has gotten, how much it is just a business of dumb pipes, and how, in the words of Sir Philip Hampton, formerly of Royal Bank of Scotland, "banks look increasingly like competitive utilities":