A worthwhile observation on retirement
HELP NEEDED: Heaven help me, but I actually agree with Larry Fink: And when you think about it, how hard would a fix to the problem even be?…
PNC’s Demchak mis-reads a part of the banking sector
BILL DEMCHAK IS PERSONA NON GRATA WITH THE MID-SIZE BANK GROUP: In an interview with Liz Hoffman of Semafor Business, PNC’s Bill Demchak was asked if we have too…
How Coach Prime gets to the next level
WHO IS YOUR RABBIT?: Deion Sanders tells an interesting story he learned as a kid when he snuck into the local dog track to watch the races. He…
Signs of life in the CRE market?
LOOKING BETTER: The world sure can be complicated, can’t it? Even as delinquencies on CMBS continue to surge . . . . . . and money managers…
New homes are starting to shrink
MI NEW CASA ES SMALLER CASA: The average size of a new home grew along with the average net worth of Americans until 2015, when it peaked…
Wednesday Headlines: Texas pulls $8.5 billion from BlackRock in ESG protest
New York Post: Texas yanks $8.5B from Larry Fink’s BlackRock in ‘massive blow against the scam of ESG’ Bloomberg: Funding Market Signals Fed Has Time to…
A new study shows ESG to be what it really is. Good.
I’m shocked, I tell you. Shocked! ACADEMICS QUESTION ESG STUDIESTHAT HELPED FUEL INVESTING BOOM As Wall Street’s passion for sustainability began surging about five years ago, Andy King looked on…
An odd response from a bank regulator
A REGULATOR SPEAKS: A large-bank CEO recently met with Adrienne Harris, who leads the New York State Department of Financial Services, and asked her about her…
With its new card late-fee rule, the CFPB is set to make things worse
MISBEGOTTEN: Drumroll, please—and let the unintended consequences begin! NEW CFPB RULE CAPS BANKS’CREDIT CARD LATE FEES AT $8 The Consumer Financial Protection Bureau unveiled a new rule on…
Lots of buying power on the sidelines
READY TO SPEND: Inasmuch as one of corporate America’s favorite things to do with its spare cash is to use it to fund share repurchases, I am very…