The Folly of Peer Groups
Jeff For Banks
JULY 24, 2010
But because financial information on competitors is so readily available in banking (we must report to the FDIC our quarterly results and it is available to all), we become over-reliant on them. See below for a snapshot from an Umpqua Bank of Portland, Oregon UBPR. Regulators fall victim to this trap too. That’s the only criteria.
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