Thread regarding Bank of America layoffs

Why BofA’s Chief Is Optimistic About Big Banks

CEO Brian Moynihan talks about his company and the need for regulatory balance. "Over the next 10 or 15 years, people will look back and say, “Did we get it right?” That will require an honest debate about what we want to achieve out of this industry. The issue for us is we have to get far enough away from it that people don’t remember everything that went wrong." HA.

http://www.wsj.com/articles/bofa-chief-gives-the-big-banks-optimistic-view-1466388300?cx_navSource=cx_picks&cx_tag=collabctx&cx_artPos=3

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| 1101 views | | 5 replies (last June 21, 2016) | Reply
Post ID: @OP+I0PmQJu

5 replies (most recent on top)

The bank isn't hoarding cash. We can't get the stress test right so we haven't been allowed to increase the dividend. We'll see if that changes on the 23rd

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Post ID: @wdc+I0PmQJu

The bank isn't hoarding cash. We can't get the stress test right so we haven't been allowed to increase the dividend. We'Lloyd see if that changes on the 23rd

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Post ID: @oxv+I0PmQJu

The traumatized and alienated former employees won't forget...

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Post ID: @xos+I0PmQJu

Banks in the future might be more like investing in utility stock. Profits will probably stay consistent quarter to quarter with little to no room for additional growth. BAC should start sharing more of its earnings with the owners of the company, the shareholders. Maybe the share price would go up if they stopped hoarding all the damn cash for themselves. Brian and his directs pay should be capped at 1Mil/year until the dividend is back at .50.

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Post ID: @rjq+I0PmQJu

Lawsuit accusing 16 big banks of Libor manipulation reinstated by US court

Judge warns case could ‘bankrupt 16 of the world’s most important financial institutions’ including Barclays, Bank of America, Deutsche Bank, HSBC and UBS

https://www.theguardian.com/business/2016/may/23/libor-manipulation-lawsuit-hsbc-barclays-ubs-bank-of-america-deutsche

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Post ID: @dcd+I0PmQJu

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