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(Reuters)   US banks didn't make as much as they would have liked last quarter. Awwwwww   (reuters.com) divider line
    More: Followup, Monetary policy, Federal Reserve System, Central bank, Investment banks, Bank of America, Morgan Stanley, commercial banks, Debt  
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283 clicks; posted to Business » on 01 Oct 2020 at 5:56 PM (3 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



4 Comments     (+0 »)
 
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2020-10-01 4:16:58 PM  
We dropped from a 19% ROI to a 13% ROI...a disaster! It was enough to cause Gordon the CFO to have his backup chauffeur jump off a roof--poor Gordon!

Well, well, heading out to tee off with the Donald...certainly we can arrange a bailout in order to return to full profitability. We deserve that much...
 
2020-10-01 7:05:18 PM  
Profits are down everywhere because it lasted longer than one quarter. We're going to start seeing a lot of layoffs to prevent it from impacting stock price and executive compensation.
 
2020-10-01 8:29:38 PM  
Yup. Foreclosing on properties doesn't do much good if nobody can afford to buy them back from you.
 
2020-10-01 8:43:59 PM  
There are something like 4,500 banks in the country. Another round of mergers and the "synergistic savings" will boost the bottom line (and lower head count).

/all my transnational accounts are at a credit union but am heavily invested in regional banks.
 
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