Dick Bove
Dick Bove
accounting again area bank banking companies derivative difficulty earnings encourages event highlights large low reason
This event highlights once again the difficulty in determining earnings for derivative transactions. It also encourages those who feel that bank accounting in this area is weak. It is a reason why many large banking companies have such low multiples on their stock.
cathy clearly consumer emerges expected help management marketing problem propel successful top wind
Clearly no one would have expected someone who has been as successful as Cathy has been in consumer marketing to wind up in the payments-services business. But on the other hand, if she emerges as a problem solver, this could help propel her to the top management ranks.
games lower maturity month mortgage simply stimulate stretching
It is a kind of a way to play games with monthly payments. Stretching out the mortgage maturity is simply a way to lower month payments and stimulate sales.