“We have a huge competitive risk and opportunity here, a lot of our best corporate and private-equity clients really want to borrow money from us, and if we lend them money we’ll get really good risk-adjusted returns, but if we don’t we will lose business to competitors, so let’s do it.”

https://www.bloomberg.com/opinion/articles/2023-11-02/the-banks-are-where-the-money-isn-t?srnd=industries-finance&sref=EcccZSTc