Wells Fargo analyst Mike Mayo announced during a Dec. 30 CNBC news segment that “this is the golden decade of banks and technology.” Mayo explained that while the 1990’s had record bank consolidation (banking businesses merge with each other), systems were never integrated. He then explains that in the “aughts” decade – the 2000s – banks saw excessive growth, which unfortunately ended in “tears” due to the financial crisis of 2007-2009. Mayo pointed out that the financial crisis was cleaned up Read more …