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Housing may help bank profits, but for the big boys, sluggish doesn't begin to describe the...

Housing may help bank profits, but for the big boys, sluggish doesn't begin to describe the capital markets business. Normally running at 2% of global market cap, equity issuance of late has been more like 1%, says Goldman, which isn't expecting a bounce soon. Expect more layoffs in the sector, says Nomura's Glenn Schorr, as recent headcount reductions haven't even come close to matching the slowdown in business.
Comments (2)
  • We must go forward and clean the current drek out of Washington.
    that is our best hope....
    27 Sep 2012, 06:08 PM Reply Like
  • What I fail to understand is the Liberal Left hate the banks, the rich (unless of course if they support their guy in office) big business et al. So with 23 million unemployed small business & big can hire their pick of workers on a part time basis & pay no medical,vacation & just offer all the overtime available. If they don't like it, then move on to the next employee.
    Getting rid of TBTF means trimming employee's & getting rid of long term people in 18-19 years to avoid retirement benefits. If we had a President with just an ounce of business sense, without the need to fire up union workers who think that the savior has come on to the earth to bring a workers nirvana back.
    Plus allow me to congratulate Mr.. Immelt, who while working for Mr.. Obama managed to sneak an entire division of G.E. out of the USA & move them to China.
    GOD BLESS AMERICA
    28 Sep 2012, 05:29 AM Reply Like
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