I've been hearing some rumors that are making me very nervous, so I'm trying to determine if there's any truth to it.
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They're perfectly safe as long as you don't get them wet or feed them after midnight.
No one is safe right now, LOL. Naive or head in sand / eyes closed to data if you think otherwise....
If you’re talking about CREB, I would have to assume very safe, as they are a crucial component to maintaining the portfolio for not only the production team and risk, but for the regulators as well. We’re lucky in that losses suffered in CRE have been fully covered by profits, so no negative hits into the negative. Plus, CREB, especially Enterprise Credit, is so under staffed that it can barely function with the market. If any cuts in CREB, it should absolutely be at the RM level, especially given the very limited client selection criteria. BAC covers maybe 30% of the market with the balance sheet, and shrinking. No need for so many RM’s but a strong need for CO, UW, PMO, ESPECIALLY the experienced in this environment!! So many opportunities to make stupid mistakes for significant losses right now, it is not meant for the cheap and inexperienced, assuming BAC isn’t interested in making stupid mistakes. You can’t ignore it’s history sometimes though…
No certain what you're post is talking about because you didn't mention what kind of rumors. Please share if you're wanting someone to clarify for you.