The extremely formal culture prevents correct information to reach the high-ups. They hear only what their direct reports want them to hear, which is often far from the real issues facing the Bank. Therefore, how can hurdles be addressed and resolved? The internal issues are far more devastating than makeup of portfolio, underwriting, and external factors. I agree with same deck of cards for the most part. The customer base of STM and STB, if permitted to cross sell to each other's clients, would leap head and bounds over any Bank ever. The opportunity for amazing returns to the buyer would be realized even at a $50 stock price.