Bankstocks.com is a public web site operated by an individual who also operates an investment advisory firm that serve as an investment adviser to hedge funds (the "Firm"). Some articles are authored by employees of the Firm while others are authored by third parties. Under no circumstances does any article posted on Bankstocks.com represent a recommendation to buy or sell a security. This article is intended to provide insight into the financial services industry and is not a solicitation of any kind. The Firm does not vouch for the accuracy of any information contained in any article posted herein and the views expressed in any article herein do not necessarily reflect the views of the Firm. The Firm buys and sells securities on behalf of its fund investors and may do so, before and after any particular article herein is published, with respect to the securities discussed in any article posted herein. The Firm’s appraisal of a company's prospects is only one factor that affects the Firm’s decision whether to buy or sell shares in that company. Other factors might include, but are not limited to, the presence of mandatory limits on individual positions, decisions regarding portfolio exposures, and general market conditions and liquidity needs. As such, there may not always be consistency between the views expressed in this article and the Firm’s trading on behalf of its fund investors. There may be conflicts between the content posted on Bankstocks.com and the interests of the Firm. For an explanation of these conflicts, including an explanation of our trading policy, and how we resolve them, refer to the page marked “Our Trading Policy.”
Neither the authors nor any Bankstocks.com team members can provide investment advice or respond to individual requests for recommendations. However, we encourage your feedback and welcome your comments on any of the articles on this site. Neither the authors nor Bankstocks.com has undertaken any responsibility to update any portion of this article in response to events which may transpire subsequent to its original publication date.
Monday Headlines: CEO Flannery out at G.E.
By Matt Stichnoth,
Bloomberg: GE Ousts Flannery After Slump, Names Lawrence Culp CEO
Wall Street Journal: Wall Street’s Biggest Business Braces for Lackluster Third-Quarter Results
Financial Times: Canada and US negotiators reach deal to revamp Nafta
Bloomberg: Beaten-Down Subprime Mortgage Bonds Offered a Decade of Gains
Wall Street Journal: Big U.S. Banks Face Increase in Attempted Cyberattacks
Bloomberg: Two-Thirds of U.S. Business Economists See Recession by End-2020
CNBC.com: Bank of America Merrill Lynch cracks down on risky securities with ban on penny stocks
CNBC.com: 72-year-old Fidelity bets on the future with blockchain, virtual reality and AI
Financial Times: US regulator to unveil plans to rein in swaps trading rules
New York Times: Are More Women in the Future of JPMorgan Chase?
A.P.: California is first state to require women on corporate boards