Gerard Cassidy
Gerard Cassidy
bank lights main results shot three
Because its three main competitors shot the lights out, Bank of New York's solid, respectable results disappointed people.
banks canadian grow looking united united-states
Canadian banks are all looking for opportunities to grow in the United States.
bob bring choice company good hoping investors kelly run sale strong
Investors that were hoping for the sale of the company will be disappointed by this announcement. Investors who are in it for the long run will be pleased. I think this is a very strong choice, a very good choice for the company to bring in a Bob Kelly to run it.
asset buyers buying commercial deal determine eager earnings growth likely organic tougher true
Buyers are also more eager to do deals, because earnings growth is likely to slow. You can do a 'smokescreen' deal by buying an asset manager, commercial lender or processor, making it tougher to determine a company's true organic growth.
asset banks custody driven good management numbers revenue
The numbers were good at all of the custody banks and were driven by revenue in their asset management business.
cloud good hanging news resolution though
It's a resolution of a long-simmering cloud that'd been hanging over this company. Though it's painful, the resolution could have been worse. It's good news that it's resolved.
banks challenge drive efficient environment growth operating revenue short slower spread tougher
The challenge for banks in the slower revenue growth environment is to become more efficient to drive down operating expenses. With the spread between the long end and short end being narrow, it's tougher for banks to make money.
economy interest slow
The economy could slow down, and there is still uncertainty about interest rates.
banks capital clearly earnings large margin markets pressure remains results
The earnings results clearly show that margin pressure remains intense, especially on banks that don't have large capital markets businesses.
decline dramatic due entirely needs price serious share
The dramatic decline in the share price is entirely due to what's going on at its subsidiary. This is a serious distraction from the HSBC takeover arrangement that needs to be resolved.
banks force major move remain strategic
For big banks that want to remain major players, this move is going to force them to make strategic mergers, just like 1998.