John Allison discusses regional banking and cautious consumer spending on Bloomberg Daybreak: Americas

January 24, 2019

John Allison, Executive-in-Residence of the BB&T Center for the Study of Capitalism, discussed the state of the economy and consumer spending and debt on Bloomberg Daybreak: Americas.

Mr. Allison spoke about the improvements regional banks are seeing as the result of easing constraints as well as the challenges they continue to face. He mentioned that consumers likely haven’t seen the benefits of the changes yet and are spending cautiously.

Mr. Allison has been an executive-in-residence with the BB&T Center for the Study of Capitalism at Wake Forest University since November 1, 2015.  His main roles have been to mentor students, guest-lecture in classes, and give public lectures. As executive-in-residence, Mr. Allison has helped foster Wake Forest’s student-centered educational mission.  His leadership has been invaluable in helping the BB&T Center implement its mission of critically evaluating the role of capitalism in a humane and just society.  His extensive real-world experience in business and banking has enabled him to provide insight to students into the crucial role honorable business plays in fostering a prosperous society. Prior to his current position, Mr. Allison was the CEO of the Cato Institute following a career at BB&T that culminated in his outstanding performance as chairman and CEO.

More information regarding Mr. Allison and his media availability should be directed to the Marketing and Communications Team in the Wake Forest Business School.