Surveillance: BAC Is Growing Organically, Cassidy Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 15 October 2018
⏱️ 29 minutes
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Summary
Gerard Cassidy, RBC Capital Markets Equity Research Managing Director, says the universal bank model is outperforming the regional bank model. John Sfakianakis, Gulf Research Center Foundation Economics Research Director, thinks Khashoggi's disappearance has been a blow to Saudi Arabia's image-making. Vivian Nereim, Bloomberg Reporter, reports from Riyadh on the beginning of an internal probe in Saudi Arabia. Gary Gensler, Former CFTC Chairman, defends quarterly earnings reporting arguing that the public has the right to know about companies on a regular basis.
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Transcript
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| 0:00.0 | To me, context is about pattern recognition. |
| 0:02.8 | It's connecting the dots. |
| 0:04.4 | It's giving readers an ability to synthesize |
| 0:07.6 | a number of different perspectives |
| 0:09.2 | so they can understand how the greater whole works, |
| 0:12.0 | because nothing really occurs in isolation anymore. |
| 0:14.4 | I'm Tim O'Brien and I'm the senior executive editor at Bloomberg Opinion. |
| 0:18.0 | On our platform, we ask tough questions and solve complex problems with the facts in mind. |
| 0:23.0 | Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Welcome to the Bloomberg Surveillance Podcast, I'm Tom Keene. |
| 0:40.0 | Daily, we bring you inside. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
| 0:43.5 | Daly, we bring you insight from the best |
| 0:45.9 | in economics, finance, investment, |
| 0:48.1 | and international relations. |
| 0:49.8 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the |
| 0:56.4 | Bloomberg. |
| 0:57.4 | John Firo and Tom Keat on the American Banks and there's no better place to be than |
| 1:01.6 | with Gerard Cassidy of RBC capital markets. |
| 1:05.7 | Gerard, we're just talking about the minting of money. |
| 1:09.4 | You look at operating income on an annual basis of so many banks and it sure looks like minting money. |
| 1:15.4 | Is that the right phrase? |
| 1:17.4 | Tom, I think is correct. |
| 1:19.0 | In fact, if you look at the industry, this will be the fourth consecutive year of record profitability. |
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