Hints and tips:
...Goldman revealed its third quarter return on equity to be 17.5 per cent, the group’s best since 2010 (pre-2008 RoEs sometimes were 30 per cent, however)....
...It was remodelled in 1798 by Sir John Soane, who was the son of a bricklayer not an aristocrat, so his work, I like to feel, is bedded in a sort of manly, honest modesty....
...Some banks are clearly in firefighting mode: Deutsche Bank chief John Cryan, who has axed thousands of jobs, cut risky assets and suspended dividends over the past year, is now weighing further options....
...Whether the current STAN leadership continues, or there is a change in due course, we think share price upside potential is dependent on delivery on better NIMs and ROEs....
...ROEs averaged more than 20 per cent before Lehman, which was plainly unsustainable, and then went negative....
...As PMIs have been rising for the past nine months it is likely that ROEs – and consequently earnings – will start to rise....
...But in fact ROEs dropped to 7 per cent in 2011, before new capital and liquidity rules started. McKinsey now says that ROEs would fall to 4 per cent when Basel III finally comes into effect....
...The 6-foot-3-inch (1.9-meter), 195-pound (88-kilogram) Gorman’s favorite pastimes include reading John le Carre spy novels and taking boxing lessons weekly at his gym....
...Until Sir John Vickers’ independent commission on banking reports later this year, splitting investment and commercial banking businesses remains on the agenda....
...You can see where JPM is going with this: Structurally, Basel III securitisation RWA rules could lead to a long term securitisation market closure, with banks generating just ROEs [return on equity] 8-...
...The huge losses suffered by banks during the crisis and the inevitable raft of regulations aimed at making the system safer are calling into question future ROEs....
...John Dory with leeks and clams The John Dory has firm flesh that will stand up to simple oven roasting....
...•Long term outlook remains favorable As we head into 2010, as long as the improving macro trends hold, we continue to expect Goldman to generate attractive book value growth and ROEs (~18%) due to rising...
...“For some banks, it’s like the crisis never happened,” says John Hitchins, a partner at PwC in London....
...And Mayo, who was a virulent critic of ex-Merrill boss John Thain and anathema to Chuck Prince, can barely find a positive thing to say about the sector....
...We witnessed ‘super’ returns within the IB industry over the last 6 years with capital consumed increasing 60% between 02-07 and ROEs rising from 9% in 02 to 29% in 06....
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