Yea I read that article on HYZN. they sound popular but i have never seen one.
I heard a rumor--BAC had a huge $100 mln loss on some interest rate stuff--
just a rumor...
Combined loan losses at Wells Fargo and BofA are expected to have more than doubled in the quarter, with a 70 per cent jump at Goldman and 60 per cent increases at Morgan Stanley and Citi. Kenneth Leon, a bank analyst at CFRA, predicts that BofA, Citi and JPMorgan will also add to their reserves that cover potential losses in commercial real estate this quarter. “As lenders, banks can always do loan workouts with problem loans,” he wrote in a note to clients last month, “although certain individual office buildings may be challenging to remedy.”
I heard a rumor--BAC had a huge $100 mln loss on some interest rate stuff--
just a rumor...
Combined loan losses at Wells Fargo and BofA are expected to have more than doubled in the quarter, with a 70 per cent jump at Goldman and 60 per cent increases at Morgan Stanley and Citi. Kenneth Leon, a bank analyst at CFRA, predicts that BofA, Citi and JPMorgan will also add to their reserves that cover potential losses in commercial real estate this quarter. “As lenders, banks can always do loan workouts with problem loans,” he wrote in a note to clients last month, “although certain individual office buildings may be challenging to remedy.”
