After $50 bln of asset sales thru 2009-2011 the bank was unable to satisfy the Treasury of its dividend plans and barely made the stress test parameters in Q1 as its new plans to go global witha strategy look more…
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Blog Archives
Bank of America lets go of another Non US business | Deal Insight – Banking Insight
Tagged with: Asia, Bank of America, Investment Banks, Merrill Lynch, Private Banking, Royal Bank of Canada, UBS, United States
Posted in Amitonomics, Banking, European Sovereign Debt crisis, US
Posted in Amitonomics, Banking, European Sovereign Debt crisis, US
Rakoff hands out $315 mln to Missie’s Purse(PERS) | Banking insight
Bank of America continued its run of good luck with Judge Rakoff letting it off in the case by Mississippi Public Employees Retirement System for $16 bln of MBS investments sold to them. Goldman Sachs had to sign a $9.8…
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Tagged with: Arthur Nadel, Bank, Bank of America, Citigroup, Goldman Sachs, India, J P Morgan, Jed Rakoff, Mississippi, Ponzi, United States
Posted in Banking, US
Posted in Banking, US
JP Morgan surprise press conference to report new $2 bln losses | Banking Insight
The JP Morgan Treasury / Chief Investment Office is purportedly carrying losses of up to $4.5 bln and the same would be disclosed in a press conference in detail in a few minutes. The CIO’s Office carries Synthetic hedges betting…
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Consumer Credit jumps, Wells Fargo dumped, Goldman Sachs trading platform | Banking insight
The hitherto bankers’ bank Wells Fargo originated more than 30% of the $385 mln in new mortgages in Q1 2012 and led the pack, #2 JP Morgan at just below 11% and Bank of America at hardly 4% ( obviously…
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Tagged with: Bank of America, Berkshire Hathaway, Goldman Sachs, J P Morgan, Moody, Prime brokerage, Warren Buffett, Wells Fargo
Posted in Amitonomics, Banking, Financial Markets, US
Posted in Amitonomics, Banking, Financial Markets, US
US Economy: This week was a loser! Jobs Report, Apple’s $1 Tln, Bank of America and the Housing recovery
The bearish ISM services PMI (The ISM Nonmanufacturing indices) also had a strong almost 90% correlation with the BLS report historically and was pointing down. On the plus side Bank of America almost wants its downgrade yesterday as it will…
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Tagged with: Apple, Bank of America, Getty Images, IMac, iPhone, iPod, San Francisco, unemployment, United States
Posted in Amitonomics, Banking, Financial Markets, Retail Lifestyle, US
Posted in Amitonomics, Banking, Financial Markets, Retail Lifestyle, US
US Economy: The counterintuitive Aussie trade and the Spanish meltdown ( A Tuesday morning review)
ISM Data leads May markets Election years actually return a fair 2% in each of the summer months according to a latest Bloomberg report as the Go away in May catches up with investors. Meanwhile Chicago and Dallas were down…
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Tagged with: Aussie, Bank, Bank of America, China, Delta Air Lines, Groupon, PMI, Renminbi, Reserve Bank of Australia, Spain, United States
Posted in Amitonomics, Banking, Financial Markets, Private Equity, Retail Lifestyle, US
Posted in Amitonomics, Banking, Financial Markets, Private Equity, Retail Lifestyle, US
Bank Results Season: The return of Goldman Sachs (Q1 2012)
Compensation battles at Chase that compare unfavorably for retail banking employees as Dimon gets paid 67 times the average bank pay or Lloyd Blankfein’s own titular troubles with non profits and activist investors seem destined to take a back seat…
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Tagged with: Bank of America, Citi, Goldman Sachs, Industrial & Commercial Bank of China, Investment management, J P Morgan, Lloyd Blankfein, Morgan, Stock, Wall Street, Wells Fargo
Posted in Amitonomics, Banking, European Sovereign Debt crisis, US
Posted in Amitonomics, Banking, European Sovereign Debt crisis, US
Bank Results Season: Wells Fargo Q1 2012 repeats Q4 performance – The pretender looks f-ugly in comparison? | Banking Insight
The bank moved up its earnings report a week to enable like to like comparison with peers like JP Morgan as it reported a 75 cents Earnings per share for a 3% sequential improvement oto $4.2 bln in Post Tax…
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Tagged with: Bank, Bank of America, Banks and Institutions, Basel III, Business, Financial Services, Investment Bank, J P Morgan, JP Morgan, JPM, JPMorgan Chase, Net income, Revenue, Wells, Wells Fargo
Posted in Amitonomics, Banking, US
Posted in Amitonomics, Banking, US
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