Page 2084 


Mayo: Worst Year For Bank Revenue Since 1938

Mike Mayo Interview Still

Fears about Europe's debt crisis is another reminder of the fragility of the U.S. financial system and its overseas exposure, according to analyst Mike Mayo, who also discusses the Occupy protest movement and high-quality investments.



For Sale

Mizuho and RBS reach agreement over $36.5bn credit portfolio

Mizuho Bank, a wholly-owned subsidiary of Mizuho Financial Group, and the Royal Bank of Scotland have reached a definitive agreement for the acquisition by Mizuho Bank of a credit portfolio which, as of December 31, 2014, was made up of approximately $36.5bn in loan commitments, including $3.2bn of drawn assets.

American flag

The US recovery story is a fraud: SocGen bear

Societe Generale's notoriously bearish strategist, Albert Edwards, has poured scorn on the belief that the U.S. economy is recovering and predicts "violent" reactions in asset markets during the second half of 2015.