Bank Retailing

Plus: Wise, Danske Bank, Happy Holidays

Every hedge fund manager remembers their first short. Mine was a stock called Commerce Bancorp. At the time, it was one of the fastest growing banks in America. Under the stewardship of its founder-CEO, Vernon Hill, the bank had spent thirty years expanding its branch network beyond its original base in southern New Jersey. By 2006, it had over 400 offi…