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Why is Warren thinking of Banks? When she wants to make everything FREE!
It's not size of banks that is worrisome, it's the rich compensation systems that motivate C-suite executives to abandon all ethical standards. Banks have been committing crimes decade after decade. They must be closely regulated. In 2008 banks nearly destroyed the world economy.
This is what Dodd-Frank has wrought. Beware the unintended consequences of massive regulatory actions.
JoshstraDaymus
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
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Investors are hoarding their biggest piles of cash since the financial crisis — and Bank of America has a surprising take on what that means for the market's futureInvestors have the lowest allocation to stocks in more than two years, Bank of America also found. The process is the quality of the capital and the formation of its work in the trading forum where the Central Bank of the circulation of shares and maximize the quality of the fund by starting and cohesion to manage the affairs of the country
Source: BusinessInsider - 🏆 729. / 51 Read more »
French minister blasts EU decision to block Alstom-Siemens merger in face of Chinese competitionFrance's finance minister expressed his disappointment at a recent EU decision to block a major rail merger, calling for competition rules to be changed to enable European firms to become stronger on the global stage.
Source: CNBC - 🏆 12. / 72 Read more »
BB&T and SunTrust Merger Deals a Blow to AtlantaThe SunTrust logo can be seen throughout metro Atlanta, most notably on the Braves’ stadium. Now the bank’s planned merger with BB&T—and impending departure from the city—is hitting Atlanta hard. The Warriors are cheap. Believe me, the Clippers are number one next season. I think it stinks and I'll show it Should not be allowed. Where are the regulators.
Source: WSJ - 🏆 98. / 63 Read more »
Cramer: What Wall Street doesn't get about the SunTrust-BB&T mergerJim Cramer says the tie-up has more to do with technology than any traditional success metric for big banks. jimcramer davefaberThe technology future doesn’t drive local community banking, customers do. As an analyst on Bloomberg remarked the deal is very small, a non-event in the banking world. End product they will be driven by regulation not by customer needs. Cramer continues to sound more and more like Trump. Nobody but him understands any given situation,ie, it’s eerily like The Moron vs the Generals.
Source: CNBC - 🏆 12. / 72 Read more »
Just Eat shareholder urges board to seek mergerJust Eat PLC (JE.LN) shareholder Cat Rock Capital Management LP has expressed concerns over recent executive appointments and urged Just Eat to seek a merger. Cat Rock, which owns 13.0 million shares equaling around a 1.9% stake in the U.K. online food-delivery platform, said in in an open letter sent Monday to the company's board that a merger with a "well-run" industry peer would be a better outcome for shareholders than relying on the board to choose a new chief executive.
Source: MarketWatch - 🏆 3. / 97 Read more »