Comments on: Why banks make bone-headed decisions http://blogs.reuters.com/felix-salmon/2011/12/30/why-banks-make-bone-headed-decisions/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: electronic cigarette http://blogs.reuters.com/felix-salmon/2011/12/30/why-banks-make-bone-headed-decisions/comment-page-1/#comment-52950 Sat, 27 Sep 2014 16:52:18 +0000 http://blogs.reuters.com/felix-salmon/?p=11667#comment-52950 Kimree is a world-leading e-cigarette company. According to Frost & Sullivan, Kimree was the second largest e-cigarette designer and manufacturer in the world in terms of both revenues and production volume in 2013. The Company designs and produces a broad range of e-cigarette products, including disposable e-cigarettes, rechargeable e-cigarettes and e-cigarette accessories. Visit http://www.kimree.com/ for more.

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By: buy fifa 15 coins http://blogs.reuters.com/felix-salmon/2011/12/30/why-banks-make-bone-headed-decisions/comment-page-1/#comment-52813 Fri, 26 Sep 2014 02:42:22 +0000 http://blogs.reuters.com/felix-salmon/?p=11667#comment-52813 Your new mobile application can provide new traffic into your location, keep old customers coming back, and get your prospects to spend more cash with you more often.

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By: ARJTurgot2 http://blogs.reuters.com/felix-salmon/2011/12/30/why-banks-make-bone-headed-decisions/comment-page-1/#comment-34662 Tue, 03 Jan 2012 14:22:32 +0000 http://blogs.reuters.com/felix-salmon/?p=11667#comment-34662 The whole point of mega-bank mergers was to try to achieve economies of scale based on automation. But,

since at least the ’90’s on the technology side we have seen DIS-economies of scale. Running lots of cycles on your IBM or Oracle/Sun mainframe does not make you a more efficient business, since a small nimble competitor (all five of the local credit unions that me and the kids bank with qualify) with smart tech backing can match any sophistication with a cheap HP/Dell box and a good package for much less money. And even if that IBM cycle is 1/5 of the aggregate price of that cycle on the HP (which it’s probably not), it’s 5 times of the price of next to nothing for the little guy.

But, again, if you actually look at most of these mega-bank mergers, they do a very, very, very bad job of integrating those legacy systems. Periodically one of the biggies comes forth with a statement on how they will reduce their data center count from 150 to 20 and save buckets of money, and you end up wondering how they got there in the first place, and why they need as many as 20. You need to understand that Citi, BofA, etc. do lots of technology, but very badly.

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By: KSH http://blogs.reuters.com/felix-salmon/2011/12/30/why-banks-make-bone-headed-decisions/comment-page-1/#comment-34642 Mon, 02 Jan 2012 05:32:40 +0000 http://blogs.reuters.com/felix-salmon/?p=11667#comment-34642 http://youtu.be/zXKV78VERio
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By: KSH http://blogs.reuters.com/felix-salmon/2011/12/30/why-banks-make-bone-headed-decisions/comment-page-1/#comment-34637 Mon, 02 Jan 2012 05:25:19 +0000 http://blogs.reuters.com/felix-salmon/?p=11667#comment-34637 I Have Already Come!!! It’s amazing!!!

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By: y2kurtus http://blogs.reuters.com/felix-salmon/2011/12/30/why-banks-make-bone-headed-decisions/comment-page-1/#comment-34633 Mon, 02 Jan 2012 01:37:08 +0000 http://blogs.reuters.com/felix-salmon/?p=11667#comment-34633 Unmitigated Greed should not prevent a bank lending someone their own money back. My bank bank tries to do that as often as possible.

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By: Gordon2352 http://blogs.reuters.com/felix-salmon/2011/12/30/why-banks-make-bone-headed-decisions/comment-page-1/#comment-34629 Sun, 01 Jan 2012 20:30:24 +0000 http://blogs.reuters.com/felix-salmon/?p=11667#comment-34629 Why banks make bone-headed decisions?

Unmitigated Greed!

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By: HalinOK http://blogs.reuters.com/felix-salmon/2011/12/30/why-banks-make-bone-headed-decisions/comment-page-1/#comment-34622 Sat, 31 Dec 2011 20:46:08 +0000 http://blogs.reuters.com/felix-salmon/?p=11667#comment-34622 I applied for an $16K loan to buy a piece of test equipment for my business. This was when the economy was getting pretty bad back in 2008. The bank turned me down without an explanation other than the usual “does not meet our criteria”. I had around $40,000 in CASH in various accounts, CD’s etc. at that bank and had had that level of cash there for years.

As an early poster also mentioned, I realized I was loaning them money in those various accounts but they weren’t willing to lend me money.

I simply withdrew all my accounts from the bank IN CASH (the CD was a promotional one allowing early withdrawal) and deposited it in a bank with its decisions being made in Oklahoma, not New York. I had to go to three branches to get all of my money, my branch was a small one in a supermarket but it still took an additional two full size branches to get a lousy $40K in cash.

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By: TFF http://blogs.reuters.com/felix-salmon/2011/12/30/why-banks-make-bone-headed-decisions/comment-page-1/#comment-34612 Sat, 31 Dec 2011 14:29:45 +0000 http://blogs.reuters.com/felix-salmon/?p=11667#comment-34612 spiderbite, the scheme as described represents 1x leverage. You can achieve 1x leverage even without a loan, simply by using your own cash.

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By: spiderbite http://blogs.reuters.com/felix-salmon/2011/12/30/why-banks-make-bone-headed-decisions/comment-page-1/#comment-34610 Sat, 31 Dec 2011 12:57:42 +0000 http://blogs.reuters.com/felix-salmon/?p=11667#comment-34610 It’s called leveraging and this was once the financial credo for US investors: Never use your own cash.

So if the customer succeeded in paying back the loan plus interest-he then has a successful investment PLUS his own 50,000 plus interest.

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