RT Boom Bust July 14, 2024
I judge banks message to the world is that they are undergoing a restructuring a routine restructuring like the ones that have happened every quarter for the past few years in order to return the business to profitability in this current iteration davie is attempting to shed its Equities Investments its trading business and shift over to primarily a lending business now on the surface this move makes perfect sense but lets dig a little deeper remember when bear stearns underwent a restructuring translation they are in a full on crisis mode now the debts of Lehman Brothers and bear stearns were...