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.
Thursday Headlines: Big banks brace for difficult times
By Matt Stichnoth,
New York Times: Big Banks Get Ready for Rough Days Ahead
Financial Times: US banks detail dramatic fall in credit card spending
Bloomberg: Contactless Payments Skyrocket Because No One Wants to Handle Cash
Bloomberg: Fed’s Kashkari Says Banks Should Raise Money, Halt Dividends
New York Post: Goldman CEO signals ‘assumption’ recession will last through 2020
New York Times: Bonds Started to Falter. Then, the Fed Came to the Rescue.