David Hendler
David Hendler
morgan pickup problem saw seems stanley
Merrill saw the most pickup in traditional retail. Morgan Stanley still seems like the problem child.
brazil default feeling next problem similar year
Our feeling is that Brazil will default in the next year and you could have a similar problem to what you had in Argentina.
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The whole name of the game in banking right now is trying to generate high-interest-yielding assets. That's what the credit card business is. Everyone has these deposits right now. They have to put them to work.
beginning definitely goal nice
I think he definitely has a shot. It was their goal at the beginning of the season. It would be a real nice victory.
capital great
If they can get it executed well, it's a great diversification play for Capital One.
difficult hard rates
When rates rise, it's just difficult to make money. It's going to be hard on a lot of players.
bankruptcy banks credit expect losses quality rush saying
The banks are saying that we expect bankruptcy law-related losses will subside because of the rush to file. But the undertone of credit quality is worsening.
emphasis expanding leverage near operating positive quest seems
It seems that the emphasis on expanding distribution outweighs the quest for positive operating leverage in the near term.
bank swiss waking
Swiss bank accounts. If O'Neill is waking up and smelling the coffee, things must be really bad.
bit seeing
You're seeing a little bit of a rotation.
almost black eyes good
There weren't any real black eyes for Merrill this quarter. It was good for them, and it was good almost everywhere.
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The brokers have been almost like the old Internet stocks. The stocks have been on a huge ride and they're starting to cool off and come back to reality.
game playing yield
The whole game now is just playing the yield curve.
associated banks built cost curve difficult easier flat funds inflation less lower might price yield
A flat or inverted curve has been difficult for banks to manage. But if there are associated inflation expectations built into the lower end of the curve, it might make it easier for banks to price loans, so the cost of funds is less than the yield on their assets.