S&P more than doubles to $10B the amount of annual profit it estimates banks stand to lose...

S&P more than doubles to $10B the amount of annual profit it estimates banks stand to lose as a result of the Volcker rule. "Stricter rules could lead us to take negative rating actions on certain banks." In addition to the usual 6 TBTF names, PNC and USB were included in the analysis. The combined profits of all 8 lenders will sum to less than $100B this year.

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Comments (3)
  • Former Citi Employee
    , contributor
    Comments (7) | Send Message
    Does this mean that thieves and grossly overpaid CEO's running these banks will get $10 B less in compensation. It should.
    22 Oct 2012, 05:50 PM Reply Like
  • reliablemgmt
    , contributor
    Comments (5) | Send Message
    Ceo of FamilyReal Estate portfilio and management co. Buy,Hold, Manage, refinance,sell,.started 40 yrs. ago. Been thru the ups & dns.


    So ! Per stocks,,,, I usually buy Hi and sell low. Maybe this time i'll take some profit near the top before it goes back dn and not get greedy....OR is Bac realy going to 10+ ????
    23 Oct 2012, 01:33 AM Reply Like
  • faustius
    , contributor
    Comments (488) | Send Message
    Seems a misleading way to describe the impact. If the Volcker rule goes into effect, banks will have to transition back into being banks, and trading firms will have to drop their bank holding status.
    23 Oct 2012, 10:51 PM Reply Like
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