I agree, and yes that’s the information released, however, they were a large creditor on a project I shut down. I don’t think they reserved anything against this investment. I was new on this project and my head was spinning getting up to speed, I was not surprised at the outcome.
I agree, and yes that’s the information released, however, they were a large creditor on a project I shut down. I don’t think they reserved anything against this investment. I was new on this project and my head was spinning getting up to speed, I was not surprised at the outcome.
I haven't looked at the state of the banking industry in a while, but it would not surprise me to find that essential capital buffers still are not in place.
One of the most bizarre aspects of Wall Street's behavior in recent years has been its stubborn refusal to acknowledge changing market conditions and to adapt accordingly.
I agree, and yes that’s the information released, however, they were a large creditor on a project I shut down. I don’t think they reserved anything against this investment. I was new on this project and my head was spinning getting up to speed, I was not surprised at the outcome.
I haven't looked at the state of the banking industry in a while, but it would not surprise me to find that essential capital buffers still are not in place.
One of the most bizarre aspects of Wall Street's behavior in recent years has been its stubborn refusal to acknowledge changing market conditions and to adapt accordingly.
https://newsletter.allfactsmatter.us/p/wall-street-knows-the-crash-is-coming