Barclays warns its staff that the Libor scandal will envelop other banks and “put in perspective” the bank’s own culpability.
Go here to see the original: Libor scandal ‘to hit more banks’
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.” …
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See the article here: Bank of America CFO Full of Growth Ideas? Not So Much
A bit of perspective on what could be called a Spanish TARP: Given that Spain’s economy is 1/10th that of the U.S., the €100B ($125B) Spanish rescue towers over the $700B U.S. TARP on a relative basis. Bazooka indeed. Of course, the U.S. TARP was followed up with the Fed’s QE. Will the ECB do the same? 3 comments!
Go here to see the original: A bit of perspective on what could be called a Spanish TARP: Given that Spain’s economy is 1/10th that of the U.S., the ;100B ($125B) Spanish rescue towers over the $700B U.S. TARP on a relative basis. Bazooka indeed. Of course, the U.S. TARP was…
NEW YORK (TheStreet) — Traders and investors love short-term pops in stocks. Even if you’re looking to get short, there’s nothing like strength, particularly if you know how to fade the move.
Sometimes catalysts — legitimate or otherwise — fuel sudden strength. Often, upside sustains and a company’s stock shows life for a longer period. Typically, this occurs when a firm reports solid financial metrics consistently. There’s nothing wrong with riding these trends. In fact, that rather straightforward method defines, from one major perspective, what trading and investing is all about:
Follow the trend and buy shares of companies that put up solid numbers, as per your MBA textbook, quarter in and quarter out. …
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Excerpt from: Sell These 3 Stocks Or Live to Regret It
The WWII internment of Japanese-Americans from a unique perspective: through the eyes of those who defied the armed guards, barbed wire and searchlights to fish for trout in the surrounding waters of the Eastern Sierra. While larger battles were…
Original post: The Manzanar Fishing Club
Goalie Ryan Miller was perfect, newcomer Cody Hodgson finally got on the board with Buffalo, and the Sabres have inched themselves to within a sniff of playoff contention.
Before anyone got too excited over the Sabres’ 3-0 win over the Montreal Canadiens on Wednesday night, Miller provided a few cautionary words of perspective.
See the original post: Netminder Miller stops 34 shots as Sabres blank Canadiens
Feel like your age and experience disqualify you from jobs? Maybe the problem is your perspective, or at least the employer’s – learn to take the qualities that come with age and turn them into work-finding assets.
Read the original: 5 Tips for Finding Work When You’re Over 50