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NYCTEXASBANKER

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  • Mayo: BofA too big to succeed [View news story]
    JORDAN12

    The lending clubs online are going to eat there lunch!!!

    THAT'S A JOKE.
    Banks have loaned to start ups since before the civil war. Get real
    Look at all the lending by the clubs then look how much is loaned by BAC through it's credit cards. NO Contest
    Review how many ways banks loan funds out.
    Apr 7, 2015. 11:29 AM | 1 Like Like |Link to Comment
  • Bank Of America: Debunking The Merrill Lynch Myth [View article]
    Nicholas

    Thanks for the comments. Seeing you have lived in Texas you understand some of the unusual cultures. Although I was sent to San Antonio, TX to become a Medic(1968). I knew little of Houston, in the late 80's we came down to open a agency for the bank. As a result we were invited to a Texas banker Assoc. party that week. I met a true Texan boots and shoe string tie. He's an oilman and states he only deals with Texas banks, so I ask him who he did banking with and he responds he's a customer of Texas Commerce Bank. I said but they were taken over by Chemical Bank of NY. You would have thought I shot him from the look in his eye. Sad but true story.
    I also wish you the best.
    Apr 7, 2015. 12:11 AM | 1 Like Like |Link to Comment
  • Bank Of America: Debunking The Merrill Lynch Myth [View article]
    Nicholas

    I once said to fun fun a while ago that measuring the CEO from the start date is for the amateurs. Everyone needs a period of adjustment some B OF D understand that and make period goals for the CEO to attain and some B OF D can't wait so they throw the CEO under the bus like what happened at JC PENNY. Have you ever took over a division with a couple of hundred people and try to change the course. I can tell you from experience it takes a couple of months and it is not easy so when you have to change the attitudes of tens of thousands you need a quite a few quarters not months to do the job.
    Being in the industry, I assume you know the stats on long term holders on the retail side and since 2010 its under 18% and that including generational dead stock.
    Apr 6, 2015. 10:29 PM | Likes Like |Link to Comment
  • Bank Of America: Debunking The Merrill Lynch Myth [View article]
    NICHOLAS

    NICE CHERRY PICK. HOW ABOUT RUNNING THE NUMBER FROM 1/10/12
    WHEN MOYNIHAN RIGHTED THE SHIP AS MANY HERE HAS SAID.
    I AWAIT THE NEW NUMBERS.
    Apr 6, 2015. 09:33 PM | 1 Like Like |Link to Comment
  • Bank Of America: Debunking The Merrill Lynch Myth [View article]
    fun fun

    To learn more about the three tiers of banking, Investor Business Daily
    has a great breakout within their 197 Industry Groups.
    they also include foreign bank securities.
    Banks–Foreign
    Banks–Midwest
    Banks–Money Center
    Banks–Northeast
    Banks–Southeast
    Banks–Super Regional
    Banks–West/Southwest
    Apr 6, 2015. 07:29 PM | Likes Like |Link to Comment
  • Bank Of America: Debunking The Merrill Lynch Myth [View article]
    FUN FUN

    in the very same environment. ????


    The three tiers are:
    1} the Money Center Banks
    2} Super Regionals
    3} Regional & Community Banks

    Each has a very different products and services, in fact 2&3 needs to have corresponding relationships with 1 to function effectively.
    Apr 6, 2015. 07:04 PM | Likes Like |Link to Comment
  • Bank Of America: Debunking The Merrill Lynch Myth [View article]
    STONECATCHER

    As a kid in NYC, I never saw a lawn in front of a house in Astoria. Like most New Yorkers own "lawns" were the City parks. I guess you saw the
    triangle that makes NY. The City with it's good and bad parts. The beauty
    of the Hudson valley and skip over the Catskill Mts. the farms that did feed the city long ago. I have had the opportunity to go to a lot of countries on business. The two Int'l banks I worked for one was European based with heavy branches in middle east and south east Asia while the other was big
    in the all of Asia I have had the opportunity NZ and have had to see the all black in action.
    The thing that scares me the most for California (also Texas) is the water situation. Trivia-NYC at one time owned almost all the lakes in the state of NY to ensure enough water for the city nearly 200 years ago.
    I'm looking for small manufactures as with the coming energy improvements, I see a home made market like the 1950's.
    Apr 6, 2015. 03:12 PM | Likes Like |Link to Comment
  • Brokerages get tough with advisers who break rules [View news story]
    kimboslice

    The last three times I needed a Medallion signature I used Chase here in TX,
    BAC in KCMO and Citibank in NY and each case it was done on a walk in basis.
    In each case I was transferring physical shares.

    In contrast I always use the receiving broker or bank to do the transfer of an account It's quicker and easier.

    I do not understand why either require a medallion signature unless your trying to move and inherited account. Sound like sour grapes on the part of person losing the account. If that's the case you in better shape by leaving
    Apr 6, 2015. 12:54 PM | 1 Like Like |Link to Comment
  • Mayo: BofA too big to succeed [View news story]
    jordan12

    You have no idea what any bank really does
    As yourself these questions
    1] I want to start a small business who is more willing to fund a startup
    2] If I go to my employers bank to cash my check do I open a checking and savings(BAC gives them a deal)
    as examples

    Seeing you did not answer my question about the short It's hard to believe
    you did it.
    Apr 6, 2015. 11:50 AM | Likes Like |Link to Comment
  • Brokerages get tough with advisers who break rules [View news story]
    KIMBOSLICE

    Every major bank branch including BAC has the Medallion signature guarantee
    available for their customers.
    Apr 6, 2015. 07:28 AM | Likes Like |Link to Comment
  • Brokerages get tough with advisers who break rules [View news story]
    saint mark

    I just looked at the CFP website and noticed that there is no statutory rulings to the CFP which technically means are not subject to any fiduciary standards. Could you flesh out what you think they can accomplish?
    Apr 6, 2015. 12:26 AM | Likes Like |Link to Comment
  • Brokerages get tough with advisers who break rules [View news story]
    KevinConway

    That's not going to happen for three reasons:
    1] statue of limitations
    2] A lot of the problems while immoral were not illegal
    3] This Administration in riddled by incompetent lawyers.
    Apr 5, 2015. 08:55 PM | 2 Likes Like |Link to Comment
  • Brokerages get tough with advisers who break rules [View news story]
    fun fun

    Cornucopia
    : a curved goat's horn overflowing with fruit and ears of grain that is used as a decorative motif emblematic of abundance
    In modern depictions, the cornucopia is typically a hollow, horn-shaped wicker basket filled with various kinds of festive fruit and vegetables. In North America, the cornucopia has come to be associated with Thanksgiving and the harvest.
    Mythology offers multiple explanations of the origin of the cornucopia. One of the best-known involves the birth and nurturance of the infant Zeus, who had to be hidden from his devouring father Kronus. In a cave on Mount Ida on the island of Crete, baby Zeus was cared for and protected by a number of divine attendants, including the goat Amalthea ("Nourishing Goddess"), who fed him with her milk. The suckling future king of the gods had unusual abilities and strength, and in playing with his nursemaid accidentally broke off one of her horns, which then had the divine power to provide unending nourishment, as the foster mother had to the god.

    Always used in a positive manner.

    I always love your use of "Big" or "50 Cent words". It's the lack of comprehensive knowledge that intrigues me. Back in NYC it was know as the "silk stocking" syndrome that was personified by Mayor John Lindsay.
    Apr 5, 2015. 04:38 PM | 4 Likes Like |Link to Comment
  • Bank Of America: Debunking The Merrill Lynch Myth [View article]
    fun fun

    Maybe you should look at JD Power website
    J.D. Certified Contact Center Program: Bank of America Merrill Lynch Corporate and Commercial Banking


    Bank of America Merrill Lynch Corporate and Commercial Banking has been recognized for contact center operation customer satisfaction excellence in the Live Phone channel for a fifth consecutive year under the J.D. Power Certified Contact Center Program.SM The Certified Contact Center Program distinction acknowledges a strong commitment by the Bank of America Merrill Lynch Corporate and Commercial Banking contact center operations to provide “An Outstanding Customer Service Experience.”

    06-16-2014
    http://bit.ly/1FdoEyI[0]=im_field_resource_...
    Apr 5, 2015. 03:58 PM | Likes Like |Link to Comment
  • Bank Of America: Debunking The Merrill Lynch Myth [View article]
    STONECATCHER

    California is number one in many areas because of the size of its population
    and area. Example Iowa would be 4 times the size of California in agricultural sales. NY would be bigger in milk sales. Austin, TX has more computer engineers than Palo Alto and Sunnyvale, CA. True I'm cherry picking just to point out there are other areas.
    Not trying to be funny but could you give more information on "primary innovative manufacturer" as I don't look at California as a manufacturer.
    Designer most definitely.
    Are you aware that California for over a half a dozen years, while its population has been growing has lost more American citizens than the replacements moving in. The three states where most are moving to are Arizona, New Mexico and Texas. Even Toyota gave up and moved to Texas.

    I moved to Texas for the weather (no pun) I became cold intolerant because of Chemo. I need weather in the high 70's to be comfortable.
    I am intrigued by your manufacturing comment. and hope to learn more.
    Apr 5, 2015. 03:20 PM | Likes Like |Link to Comment
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