David Hendler
David Hendler
associated banks built cost curve difficult easier flat funds inflation less lower might price yield
A flat or inverted curve has been difficult for banks to manage. But if there are associated inflation expectations built into the lower end of the curve, it might make it easier for banks to price loans, so the cost of funds is less than the yield on their assets.
banking business card credit game generate name trying
The whole name of the game in banking right now is trying to generate high-interest-yielding assets. That's what the credit card business is. Everyone has these deposits right now. They have to put them to work.
morgan pickup problem saw seems stanley
Merrill saw the most pickup in traditional retail. Morgan Stanley still seems like the problem child.
clock company feeling game higher pressured sell sort ticking
The end game is to sell out but they may want to do it at a higher valuation. The clock is sort of ticking on them but the company isn't feeling pressured to do something.
curve flat hurting yield
The flat yield curve was really hurting them.
hurting
You can only do so much in asset-backed before you're hurting your profitability.
brazil default feeling next problem similar year
Our feeling is that Brazil will default in the next year and you could have a similar problem to what you had in Argentina.
emphasis expanding leverage near operating positive quest seems
It seems that the emphasis on expanding distribution outweighs the quest for positive operating leverage in the near term.
beginning definitely goal nice
I think he definitely has a shot. It was their goal at the beginning of the season. It would be a real nice victory.
bankruptcy banks credit expect losses quality rush saying
The banks are saying that we expect bankruptcy law-related losses will subside because of the rush to file. But the undertone of credit quality is worsening.