concerning data/notes on a popular bank stock
I am not sure that this is right.
The bad loans don't come from a cultural change. They come from the acquisition of CIT at a big discount closing over two years ago.
The really rotten loans will have been written off against the discount. The stuff that is left is rational restructure.
Would love to chat
I am not sure that this is right.
The bad loans don't come from a cultural change. They come from the acquisition of CIT at a big discount closing over two years ago.
The really rotten loans will have been written off against the discount. The stuff that is left is rational restructure.
Would love to chat