2min chapter

Moody's Talks - Inside Economics cover image

Systemic Threats, Supervisory Shortfalls

Moody's Talks - Inside Economics

CHAPTER

The Rise of Computing Power Changed the Economics of Banking

The company I started along with my brother in 1990 started because of the breakdown of interstate banking, right? Because at that point, banks needed information outside of their state. That was our bread and butter providing that information to these banks looking outside their immediate footprint. And that's the company we sold the Moody's, you know, like 16 years ago.

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