Posts Tagged ‘investment banks’

Another Fed President Criticizes And Volcker Calls For Change

Two Fed grey beards spoke out today, somewhat on different subjects but also with a common thread. Thomas Hoenig, the President of the Kansas City Fed and the second longest serving Fed district bank president, called the Treasury’s bank rescue efforts to date ad-hoc and suggested it was time for decisive action. From Bloomberg: “If […]

The Sad History Of Commercial And Investment Bank Mergers

The misfortunes Bank of America suffered in its acquisition of Merrill Lynch are really pretty much par for the course. The history of mergers between investment banks and commercial banks is a sorry one and the loser is inevitably the commercial bank. I have no idea why this should be so. All sorts of theories […]