What happens if banks invest in funds?
This is an interesting post by Marco Folpmers: What happens if banks invest in funds?
Super interesting question ! Also depends on how buybacks are funded! Acharya/Plantin show that lose monetary policy makes financial activities such as buybacks more attractive than investments even if they have positive npv; we have consistent evidence from ECB’s CSPP program https://t.co/5A4edXpAfI