Friday Headlines: Via deals, Morgan Stanley pivots away from Wall Street
CNBC.com: With $20 billion in deals this year, Morgan Stanley pivots further away from risky Wall Street Bloomberg: Ackman Gives Further Clues on Potential Targets for…
A loan sale is a loan sale. There’s no halfway.
I hope my interpretation is incorrect, but I believe the banking industry sought permission from the SEC to treat loans originated under the Main Street program…
Thursday Headlines: Morgan Stanley to buy Eaton Vance for $7 billion
Wall Street Journal: Wells Fargo CEO Finds Himself on Defense After a Tough First Year Financial Times: Morgan Stanley to buy Eaton Vance in $7bn deal…
Wednesday Headlines: GE accounting practices under SEC scrutiny
Reuters: SEC tells GE it is considering a civil action tied to accounting probe CNBC.com: Powell calls for more help from Congress, says there’s a low…
Yes, Banks Are Indeed Investable
“I want to own a growth company, not a bank. Banks are not investable.” I have been hearing comments like that all year, with the number…
Tuesday Headlines: OCC moves to provide banks with guidance on cryptos
Wall Street Journal: This Regulator Wants to Help Banks Embrace Cryptocurrency Financial Times: Bridgewater settles suit filed by former co-chief executive Wall Street Journal: PPP Money…
Monday Headlines: New stimulus could add to banks’ deposit glut
New York Post: Wall Street claims the ‘Nasdaq Whale’ is back to pushing up tech stocks Wall Street Journal: More Stimulus Would Be Double-Edged Sword for…
Friday Headlines: Fannie and Freddie extend foreclosure suspensions
Bloomberg: Fannie and Freddie extend foreclosure suspensions to year’s end Wall Street Journal: After Record U.S. Corporate-Bond Sales, Slowdown Expected Bloomberg: Fueled by Free Money, a…
Consensus Estimates for Banks’ Loan Loss Provisions are Too High
The consensus estimate for the loan-loss provisions at publicly traded banks with market caps over $150 million shows that analysts expect a gradual decline over the…
Thursday Headlines: Fed set to begin forgiving PPP loans
Bloomberg: Goldman to Resume Job Cuts as Banks Abandon Covid Moratorium New York Post: Feds will reportedly start forgiving coronavirus loans by next week Financial Times:…