Clik here to view.
What do we have to do?
I kind of feel bad for Morgan Stanley. Bear with me on this. They have more capital and lower leverage than they had at the height of the crisis in ’08. They have about $60B in equity, as compared...
View ArticleClik here to view.
2012 Predictions? Forget Nostradamus and the Mayan Calendar– we’ve got IDC’s...
Any fan of the History Channel knows that, when it comes to forecasts and predictions, 2012 expects to be an extraordinary year. Whether the Mayan calendar really predicts the “end of the world” on...
View ArticleClik here to view.
The Oracle is hanging in there, but he’s not always right.
http://www.berkshirehathaway.com/letters/2011ltr.pdf. I must admit; I really enjoy reading Buffet’s annual letter to shareholders. This year, the press focused on the fact that he’s chosen a...
View ArticleClik here to view.
Optimism or no? US bank profits rise.
The FDIC this week released it’s quarterly report (folks like me look forward to these reports. no comments please on what that means about me). http://www.fdic.gov/news/news/press/2012/pr12023.html...
View ArticleClik here to view.
Retail renaissance they call it…
You have to give it to the Economist. It’s the most well-written magazine on the planet, and they do such a good job with their Special Sections. This week is about International banking...
View ArticleClik here to view.
Smith Barney, Dean Witter, Lehman Brothers, Salomon Brothers…dead, all dead.
It’s not actually something to get sentimental about (unless of course you were the original Smith or Barney), but interesting to note that yet another venerable Wall Street name is now gone for good....
View ArticleAll about Citi?
Actually, everyone is writing about Citi and Vikram Pandit’s departure, so not much new to add there to what everyone else is saying. What’s interesting to me is what little leash bankers are enjoying...
View ArticleClik here to view.
Integrity over Profit
You’ve gotta love this. The CEO of UBS has said that bankers have becomne too arrogant and the industry needs to start puytting “integrity over profit.” Andrea Orcel – pictured here j- was appearing...
View ArticleClik here to view.
europe…”about halfway there”
Well the other thing I learned while in the UK, by listening to JPMorgan’s top economist in the region, is that we are “about halfway there.” (David Mackie, Economic and Policy Research, J.P.Morgan)....
View ArticleClik here to view.
Who’s the biggest one of all?
In case you were wondering…the biggest bank in the world is now ICBC of China (Industrial and Commercial Bank of China). They have just over US$160trillion of Tier1 capital. They have 408,000...
View Article
