Comments on: Counterparties: The clarifying effects of CEO retirement http://blogs.reuters.com/felix-salmon/2012/07/26/counterparties-the-clarifying-effects-of-ceo-retirement/ 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: weiwentg http://blogs.reuters.com/felix-salmon/2012/07/26/counterparties-the-clarifying-effects-of-ceo-retirement/comment-page-1/#comment-42091 Fri, 27 Jul 2012 15:29:29 +0000 http://blogs.reuters.com/felix-salmon/?p=16549#comment-42091 In response to Kovacevich, both investment banking and investment bankers are risky. The profession is too risky, and a risky practice by one firm will probably set off a slide towards risky practices by all firms less they displease their investors. And besides which the sorts of people attracted to investment banking are risk inclined.

And what does he care anyway?? Wells is mainly a retail bank. A very big one, but mostly a boring and well-run one. IIRC it owns Wachovia’s leftover investment bank, but that is mainly because it bought Wachovia. That is precisely why I invested in Wells, by the way (consider that my required disclosure). And I hope that Wells stays that way. It was making money turtle-style, not hare-style. And I’m fine with that.

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By: FifthDecade http://blogs.reuters.com/felix-salmon/2012/07/26/counterparties-the-clarifying-effects-of-ceo-retirement/comment-page-1/#comment-42083 Fri, 27 Jul 2012 00:01:12 +0000 http://blogs.reuters.com/felix-salmon/?p=16549#comment-42083 Why the about turns? Positioning, positioning. Don’t forget there may be new jobs coming up after the elections in November and these old CEOs might want that thing money can only influence: personal power in Government.

Having said that, I think they are right, there should be a split.

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By: KenG_CA http://blogs.reuters.com/felix-salmon/2012/07/26/counterparties-the-clarifying-effects-of-ceo-retirement/comment-page-1/#comment-42080 Thu, 26 Jul 2012 22:51:00 +0000 http://blogs.reuters.com/felix-salmon/?p=16549#comment-42080 Investment banking shouldn’t be called banking, as it is investment brokering, or sometimes, when a firm wants to take a side instead of just being the bookmaker, investment gambling.

I am in favor of letting banks do what they want, as long as they are not borrowing from the Fed or FDIC insured banks, or have their deposits insured by the FDIC. If they can get enough people to put money in their banks with those conditions, good for them.

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