Clearly, Bank of America has more wood to chop in terms of job reductions, said Jonathan Hatcher, a Jefferies Group Inc. credit strategist specializing in banks, who added the revenue pinch will force companies to become more productive with fewer people. Unfortunately, were going to see further
Date: Aug 19, 2011
Source: Google
Capital One to Purchase ING's Online US Bank for $9 Billion
The strategy is deposits, said Jonathan Hatcher, a credit strategist who covers financial companies at Jefferies Group Inc. in New York. ING Direct had gained great traction in the U.S., and obviously its a low-cost way of gathering deposits. For younger people its not as important to have a br
Date: Jun 16, 2011
Category: Business
Source: Google
Bank of America Will Sell BlackRock Stake Back to Company for $2.5 Billion
This is cash coming in, which is a positive event, asopposed to all the other remaining tasks Moynihan has relatedto resolving mortgage liabilities, said Jonathan Hatcher, acredit strategist at Jefferies & Co. in New York. Its nice toget $2.5 billion, but thats probably a drop in the bu
Date: May 19, 2011
Category: Business
Source: Google
AIG Posts First Profit in Three Quarters on Asset-Sale Gains
Some of the transactions resulted in larger gains than expected, said Jonathan Hatcher, a Jefferies Group Inc. analyst in New York. The gains boosted capital and should make the company feel a little bit more comfortable with the reserve additions that they needed.
Date: Feb 25, 2011
Source: Google
AIG Has $4.1 Billion Charge on Insufficient Reserves
The reserve strengthening is another indication that previous management teams at AIG were aggressive in their assumptions about how profitable coverage would be, said Jonathan Hatcher, a Jefferies Group Inc. analyst in New York. The current management wants to go on the road expressing reserve conservatism.