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In Brief – June/July 2023

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Survey: Investors Bearish on Financial Services Sector

Just as a calm seems to have taken hold in the liquidity crisis, banks should now brace for “a wave of shareholder activism and industry consolidation,” according to institutional investors surveyed by Edelman Smithfield, the financial arm of global communications firm Edelman.

“Our research indicates that many investors still believe financial services companies are overvalued at current levels,” …

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