Posted on 01/24/2024 2:34:45 AM PST by davikkm
Bank of America (BAC) has made headlines by announcing layoffs of approximately 20 bankers in Asia, marking the first major downsizing move in 2024. The decision comes as China and Hong Kong markets continue to underperform, leading to a growing bearish sentiment among smart money players. This move sets the tone for potential shifts in the financial landscape as major institutions respond to market challenges.
The economic landscape is painted with shades of concern as the Richmond Fed Survey reveals three consecutive declines. The performance post-lockdowns has experienced a downward trajectory since the 2008 Global Financial Crisis (GFC). This trend mirrors the findings in Empire and Philly Surveys, raising questions about the overall economic health.
(Excerpt) Read more at citizenwatchreport.com ...
Bank of America? Isn’t that the group that spied on Conservative Americans? Eff em...
There are better banks - here - there- and everywhere.
I see a red door
And I want it painted black
No colors anymore
I want them to turn black
Inspires me to buy more ammunition today....
For whom the bell tolls.
There sure have been a ton of layoff threads recently…
Yes, it is the beginning of the 'Ripple Effect' of the collapse of the Chinese real estate market.
Where once Asia and China markets were once considered safe,
since the collapse of China's real estate, especially with the Evergreen collapse,
that prudent investments are going elsewhere into safer markets in Asia and India.
It will affect the world-wide economies through that 'Ripple Effect' which could lead to investment banking concerns.
The economic landscape is painted with shades of concern.
Stock up on everything.
A;; caused by the Federal Reserve.
Perhaps this will show the public that the FED is a scam.
here is no substitute for unrestricted capitalism.
Eyes not working right this morning.
How many bankers do they have in Asia...hundreds?
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