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  • WSJ: JPM expected to cut more than 5K jobs by next year [View news story]
    Banking has traditionally made 2-4% redundancy each year due to improvements via technology.
    May 28, 2015. 06:03 PM | Likes Like |Link to Comment
  • Banks named in FIFA scandal [View news story]
    NTI INVESTOR

    How does one get jail time when no criminal acts occur? These are civil court matters where money in the medium.
    May 28, 2015. 03:30 PM | Likes Like |Link to Comment
  • Banks named in FIFA scandal [View news story]
    sdns

    Since HSBC took over Marine Midland in 1980 they always seemed to be involved.
    May 28, 2015. 03:00 PM | Likes Like |Link to Comment
  • Banks named in FIFA scandal [View news story]
    mscottbone

    The banks look at every single transfer once they get into seven figure territory. NOT TRUE

    In 1985 (30 Years ago) we did over 10,000 transfers in excess of a million a day. If the customer had the cash or line of credit and was not
    paying a restricted account per the US treasury the payment was made.
    Nike is "a person of interest" in this. How many money transfers do you think a company that big makes in a year?
    May 28, 2015. 02:48 PM | 1 Like Like |Link to Comment
  • Banks named in FIFA scandal [View news story]
    eudaimonia

    Banks as the transfers and stores of money take on the responsibility of monitoring it's uses. incorrect

    Banks take on the responsibility to follow the transfer of funds regulations
    This means if you give instructions to transfer funds to anyone not on the restricted list banks must follow those instructions. It is the responsibility of governments to provide lists of whom the banks are not allowed to transfer to. Example Iran during the 1980-90's
    May 28, 2015. 02:46 PM | Likes Like |Link to Comment
  • Banks named in FIFA scandal [View news story]
    The bribes were reportedly paid using accounts at major global banks, raising the prospect that Wall Street could be in the spotlight again over its involvement in yet another scandal.

    Another case of an SA editor not knowing how to write a non bias article.

    Funds transfers are the bread and butter for the money center banks, who else has the infrastructure to move funds around the world?
    May 28, 2015. 07:03 AM | 15 Likes Like |Link to Comment
  • Restructuring Wall Street [View article]
    SEEKINGBETA GUY

    HUD SCRETARY CISNEROS UNDER CLINTON STARTED THE HOME OWNERSHIP B/S UNDER CLINTON. YOUR LIKE THE EDITORS OF THIS COLUMN NOT FILTERING OUT THE COMMENT ABOUT HOLDER WHO WAS REPLACED A MONTH AGO

    WE NEED LOGICAL AND TIMELY COMMENTS AND PROMPTY REVIEWS BY SA EDITORS.
    May 27, 2015. 04:54 PM | Likes Like |Link to Comment
  • Microsoft's Acquisition Of Nokia: Deal Gone Wrong? Probably Not [View article]
    DEZEE

    Please provide source of data as I can think of companies that should have the Chinese at way over 100k and the Japanese over 1 million. I would like to see who are missing.
    May 22, 2015. 08:33 AM | Likes Like |Link to Comment
  • GE says it would lose Angola locomotive deal if Ex-Im Bank closes [View news story]
    boilertender

    If you think that jobs is the only thing at steak here you need to study who and how the ex-im bank deals with. During the financial crisis people criticized banks for their stupid actions which were many. Now people want to stop corporate welfare and then people whine jobs. Ask yourself why does a billion dollar company with a financial arm with hundreds of billions of assets unwilling to do a 350mil deal without transferring the risk to the taxpayer.
    May 21, 2015. 04:44 AM | Likes Like |Link to Comment
  • GE says it would lose Angola locomotive deal if Ex-Im Bank closes [View news story]
    JONASHARD

    First it's not level playing field, second the private industry of manufactures can create a mutual insurance syndicate to cover their exposure. I am tired of the lack of thought by many, in this case GE whines about a 350 million deal while its finance arm has hundreds of billions in assets. You might also notice the present ex-im bank financed deals with those very countries who blatantly violate patents, then use near-slave labor practices to gain business at the expense of our middle class, thus enriching only other countries .

    You cant have it both ways.
    May 20, 2015. 09:50 PM | Likes Like |Link to Comment
  • Microsoft's Acquisition Of Nokia: Deal Gone Wrong? Probably Not [View article]
    techy46

    With all the teaching scandal and grade manipulation going on I don't go by grades.
    No disrespect intended but when you said they are more educated in terms of technology the first thing I though of was the screen at the grocery that shows the clerk in picture a quarter, a dime and three pennies
    to give me 38 cents change.
    I live outside of Austin and they asked the kids at UT on the day of the 2012 election certain what I would say simple questions
    Like how many branches of government do we have?
    Who is the present vice president? The majority could not give the correct answers. I know my kids have and continually will do well because my wife and I went the extra mile but I don't think the majority are being given the long term fundamentals.
    good luck to you

    May 20, 2015. 04:06 PM | 2 Likes Like |Link to Comment
  • Microsoft's Acquisition Of Nokia: Deal Gone Wrong? Probably Not [View article]
    techy46

    First I'm glad you made millions on IBM & MSFT. I made quite a lot on both myself. IBM would have never got off the ground if the government didn't force Ma Bell to give the software rights to IBM. it took nearly 100 years to fold. IBM went to its knees in the early 1990's. It did dust itself off and worked well until the middle of the last decade and now is slowly going down hill. They have tried to be a star with the cloud computing but
    they have formal competitors and my guess it will be after 2020 for us to see who the winners will be. I won't put any new money in because I see
    them been in the pack and not any of the front runners.
    We still have TBTF but instead of dodd frank helping it put a glass ceiling
    so the regions can not grow against the top banks.

    Personally I would do a version of 1984 that they did to ATT to solve it once and for all.

    IT TECH people are like Teachers when you look at some of the individuals they excel at what they do however when you look at them as a whole
    there overall performance is poor. I assume you are near my age(68). Do you think the average kid today is as well educated as we were?

    May 20, 2015. 02:48 PM | Likes Like |Link to Comment
  • GE says it would lose Angola locomotive deal if Ex-Im Bank closes [View news story]
    tcpip

    I was a good idea however
    from their site

    To be eligible for financing by PEFCO, loans must be protected against nonpayment under an appropriate guarantee or insurance policy issued by the Export-Import Bank of the United States
    May 20, 2015. 11:15 AM | 1 Like Like |Link to Comment
  • Bank Of America: Diamonds Are Forever [View article]
    gwynfryn

    I agree I'm not against regulations, I'm against stupid regulations.(DODD-FRANK) Chicago/Illinois has the most gun control legislation it also has the most body counts for it's size. I'm for good gun regulations and I have a license and went through the gun safety course. I also go to the range regularly so I make sure I hit what I'm aiming at.
    May 20, 2015. 09:55 AM | Likes Like |Link to Comment
  • Bank Of America: Diamonds Are Forever [View article]
    GWYNFRYN

    Exactly, Companies should pay no more than 2mil in salary and then an option package 25% exercisable in 5 yrs. 25% in 10 years 25 % at age 65 and 25% at age 70. This will keep good executives and also make them become forward looking not just earning at the end of the year.
    May 20, 2015. 09:45 AM | 1 Like Like |Link to Comment
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