Bloomberg Surveillance Single Best Idea with Tom Keene: Gerard Cassidy & Nathalie Tocci
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Jan 14, 2026 
Nathalie Tocci, a prominent professor and director at Johns Hopkins SAIS Europe, delves into pressing European foreign policy issues. She explores the strategic challenges facing Europe, particularly its response to U.S. presence and cooperation in places like Greenland, where local sentiments prioritize security over territorial expansion. Tocci also critiques Europe's cohesion, calling for a more unified stance in its dealings with the U.S. and the necessity for clear messaging to address current geopolitical shifts.
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From 18,000 Banks To 4,300
- Gerard Cassidy recalled the era of 18,000 banks and thrifts compared with about 4,300 today due to consolidation.
- He linked interstate banking laws and industry efficiency to higher profitability and stronger capital post-crisis.
Consolidation Improved Bank Resilience
- Consolidation made banks more efficient and improved profitability over decades.
- Capital levels are much higher now than 20–30 years ago, especially since the financial crisis.
Learning Greenland's Strategic Geography
- Tom Keene describes learning about Greenland's geography and strategic position between Denmark, Iceland, Norway, and the UK.
- He frames the discussion as part of growing awareness about security and resource questions involving Greenland.