Another “Flash Crash” in the financial markets could happen at any moment because of high frequency trading, warns former hedge fund analyst David Lauer. These disasters are causing retail investors to flee the equities market – $283B already since the Flash Crash in May 2010 – and their flight during a period of incredible stock market returns is a sure sign this exodus is a result of mistrust rather than economic conditions. And it’s simply “a matter of time” Lauer says, “before we have another.” 26 comments!
More: Another "Flash Crash" in the financial markets could happen at any moment because of high frequency trading, warns former hedge fund analyst David Lauer. These disasters are causing retail investors to flee the equities market – $283B…
NEW YORK (TheStreet) — Bank of America investors wondering when the incredible shrinking bank is going to start growing again are unlikely to have been encouraged by a presentation by CFO Bruce Thompson on Tuesday.
Speaking at an industry conference hosted by Morgan Stanley, Thompson sounded far more at ease talking about extensive efforts the bank has made to shrink its balance sheet and reduce risk than he did about growth prospects. Investors wondering when the incredible shrinking bank is going to start growing again are unlikely to have been encouraged on Tuesday.
“We will reduce parent company debt by $40 billion this quarter alone,” Thomson beamed. “If you think about what that means from an interest expense perspective going forward, in the third quarter which will be the first quarter that we fully recognize those savings, it’ll be about $230 million of interest expense that we will have reduced the balance sheet by on a go forward basis.” …
Click to view a price quote on BAC.
Click to research the Banking
See the article here: Bank of America CFO Full of Growth Ideas? Not So Much
Signature Building Systems of PA, LLC, an industry leader in manufacturing custom modular homes, has hit two incredible milestones with the construction of its 4,000th home and its 20th anniversary.
View post: Signature Building Systems of PA, LLC Celebrates Two Manufacturing Milestones
New York construction accident lawyer David Perecman comments on the incredible rescue of a construction worker who was trapped in a collapsed trench in Harlem. The worker was buried up to his waist by dirt and debris in the construction accident.
See more here: New York Construction Accident Lawyer from The Perecman Firm Comments on Construction Site Trench Collapse in Harlem