Surveillance: Big Bank Results With Cassidy
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 16 April 2021
⏱️ 27 minutes
🧾️ Download transcript
Summary
Gerard Cassidy, RBC Head of U.S. Bank Equity Strategy, says Goldman Sachs came out on top for this quarter's bank earnings. Tom Michaud, KBW CEO, says trends in the banking industry have been accelerated by the pandemic and expects continued consolidations and focus on fintech. Michael J. Wolf, Activate Co-Founder & CEO, says Coinbase at its current market cap will allow small investors as well as individuals to take part in this entire move toward cryptocurrencies. Representative Andy Barr, Republican from Kentucky, says corporate tax increases will lead to jobs moving overseas and lower wages.
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| 0:00.0 | What do you see on the horizon? Uncertainty or opportunity? |
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| 0:30.0 | Join us in New York on November 2 for the Bloomberg Technology Transformation |
| 0:34.0 | and the Strategic Sea Suite event. Join CFOs and senior leaders |
| 0:38.0 | in corporate finance and operations for special evening briefing |
| 0:41.0 | to discuss the sea suite's increasingly strategic role |
| 0:44.0 | in their organization's technology transformation. |
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| 0:53.0 | This program is proudly sponsored by IBM. |
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| 1:27.0 | Let's go to Gerard Cassidy with decades of expert. |
| 1:30.0 | He always comes in swinging into the lofts to restaurants of Portland, |
| 1:34.0 | Maine, he's with RBC, capital markets. Gerard Cassidy, |
| 1:37.0 | I want to go to cost and geographic reduction as expense control. |
| 1:42.0 | When you give up on retail and Vietnam and in Beirin, |
| 1:46.0 | is that nothing more than a closeted cost reduction? |
... |
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