Before being forced out, Bed Bath & Beyond’s co-founders turned thrift, savvy merchandising & good timing into a co… https://t.co/qaPP1eJhQa— 15 hours 12 min ago via@theofrancis
@footnoted Oh wow. So glad you're all OK. What a nightmare.— 4 days 14 hours ago via@theofrancis
Striking story on due-diligence gone wrong, from Ron Liber of the New York Times: How Charlie Javice Got JPMorgan t… https://t.co/j2ivsbjpPI— 4 days 14 hours ago via@theofrancis
Unemployed Americans are spending more time out of work as employers slow hiring from a red-hot pace earlier in the… https://t.co/Iju8YFFNhn— 6 days 17 hours ago via@theofrancis
Crypto is back — in Davos, at least, along with Anthony Scaramucci — as redemption tour rolls on. Fun piece from Wa… https://t.co/l97mx4NtWd— 1 week 2 days ago via@theofrancis
Regulators, investors, and policymakers are breathing a sigh of relief about the banks. Profits are up. Bank share prices are surging. And on June 9 Uncle Sam gave 10 banks the go-ahead to pay back $70 billion in bailout funds. "These are early signs of repair and improvement," Treasury Secretary Timothy F. Geithner said in a press briefing.
That didn't take long. The economy hasn't yet recovered from the implosion of risky investments that led to the worst recession in decades—and already some of the world's biggest banks are peddling a new generation of dicey products to corporations, consumers, and investors.
At first glance, banks seem to be recovering nicely from the financial crisis. But investors cheered by optimistic earnings reports could soon face a painful surprise.