A good look at US banks’ results

James Kwak over at BaseLine Scenarios does a good job of capturing JP Morgan’s results in the last quarter. Now, what was it about the last quarter that made it so special for fixed income trading? Can some one shed some light on it, please?

While you are on the subject of bank results, do not fail to visit Barry Ritholtz and Floyd Norris for some trenchant or incisive commentary on Goldman Sachs’ results.

This comment by Norris today featuring two readers’ letters is worth ruminating over, especially if you are a leading light in an American bank in America. As Chrystia Freeland some time ago in FT, many senior executives do not seem to appreciate that there is an image problem, regardless of whether they think it is justified or not.

17 Apr 2009 | By V Anantha Nageswaran | Concerning United States of America
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