The sell side starts to warm up to Goldman. Sort of.
GETTING CLEARER: I can see the logic here, to tell you the truth: “GOLDMAN’S LAST BEARISH ANALYST UPGRADES STOCK AS RISKS FADE “For the first time…
Bankers need to remember that deposits are still key
NEVER FORGET THE VALUE OF DEPOSITS: It is clear from banks’ second-quarter earnings reports that the industry was in a zero-interest-rate and excess-deposit position for so long…
What Jane Fraser needs to do to fix Citigroup
KNOCKED HEADS NEEDED: Here’s some free advice for Jane Fraser on how to fix what ails Citigroup. I recall hearing a story—possibly apocryphal—that at JPMorgan Chase…
Shopify goes to war on meetings
SHOPIFY’S WAR ON UNNECESSARY MEETINGS: Shopify CEO Jeff Hoffmeister has declared war on unproductive time employees spend in meetings, which is similar to the war on paper…
Schwab’s Bettinger shows how it’s done
SCHWAB’S BETTINGER MAY BE THE BEST FINANCIAL SERVICES CEO: There are some great CEOs and many excellent ones, but I will put Walt Bettinger and his record…
A podcast with Tom Brown and Personetics’ Jody Bhagat
I had a lively chat this week with Jody Bhagat, president for the Americas of Personetics, where we discussed everything from the growing trend toward personalization…
Private-equity investors get an unhappy surprise
CASH HEADED OUT, NOT IN: Private equity keeps turning into a bigger adventure than I bet its investors realized. With rising interest rates having squashed exit…
Banks’ net chargeoffs headed back to normal
NET CHARGEOFFS ON THE RISE: Banks will begin to discuss their second-quarter earnings this week, and those listening to the related conference calls are going to…
Crazy: Bank earnings zig while stock prices zag
BLINKERED: Not to beat a dead horse, but investors seem to be going out of their way to ignore the reality of what’s lately going on…
The death of Libor isn’t all good, believe it or not
GONE FOR GOOD: Alas, a sad day: “LIBOR’S DEMISE MEANS NO MORERIGGING, BUT LESS FLEXIBILITY “A seminal event occurs at the end of this week: Dollar Libor will…