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18 September 2015

Wolf Richter: Bankers Threaten Fed with Layoffs if it Doesn’t Raise Rates


"A wider interest rate spread would come in handy because not all is well in banking land. Yesterday, Citigroup CFO John Gerspach, warned that trading revenue could fall 5% in the current quarter.
Moynihan’s slide deck shows that investment banking fees at BofA in Q2 2015 were lower than in both Q2 2014 and 2013. Sales and trading revenues were also lower in Q2 this year than in both prior years. Moynihan said that revenue from trading bonds, currencies, and commodities would be down this quarter as well.
Meanwhile, according to the presentation, BofA’s global average loan losses are rising. That’s not a good combination."

14 June 2015

26 May 2015

New Neighbors: Chinese Investment in the United States by Congressional District - NCUSCR.org!

https://www.ncuscr.org/fdi

Chair

Carla A. Hills
Vice Chairs

Maurice R. Greenberg
Thomas H. Kean
Henry A. Kissinger
Nicholas R. Lardy
Joseph W. Prueher
William R. Rhodes
J. Stapleton Roy
James R. Sasser
Treasurer

Keith W. Abell
Secretary

I. Peter Wolff

Humberto P. Alfonso
Jeffrey Bader
Andrew Bird
Dennis C. Blair
David L. Boren
Olivier Brandicourt
Mary Brown Bullock
Kurt M. Campbell
John S. Chen
Peter M. Cleveland
Daniel Cruise
Nelson G. Dong
Richard Edelman
Martin S. Feldstein
Thomas Fingar
Barbara H. Franklin
Charles W. Freeman III
Richard Gelfond
Evan G. Greenberg
Herbert J. Hansell
Harry Harding
Jimmy Hexter
Jon M. Huntsman, Jr.
Muhtar Kent
David M. Lampton
Terrill E. Lautz
Robert A. Levinson
Cheng Li
Kenneth Lieberthal
Andrew N. Liveris
Gary Locke
D. Bruce McMahan
Clark T. Randt, Jr.
Shelley Rigger
Daniel H. Rosen
Anthony J. Saich
David L. Shambaugh
Jerry I. Speyer
James B. Steinberg
Ernie L. Thrasher
Jan F. van Eck
Jeffrey N. Wasserstrom
John Young
Chair Emeritus

W. Michael Blumenthal

Wal-Mart employs more people in China than every Chinese company combined employs in the US - Quartz

http://tinyurl.com/oo5745p