Will Charlie cater to Trump's wishes and make up for card LOB losses with increased layoffs if this cap went in? Maybe he's angling for the Fed chair job when all the juice has been squeezed out of this gig and be nice way to stand out.
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In todays earnings call he blamed the miss on increased severance costs. WFC stock is down more than others that reported today.
Notice that @a9 was removed for providing accurate information but @aa was not despite being blatantly political.
This board has an agenda.
What su-ks is that if this holds, rewards and point programs will probably go into the toilet.
is this coming before or after the DOGE checks and the tariff checks?
orange man bullying private enterprise to help alleviate pain being felt by the public due to his mo--nic policies. wake up people!!
Which banks are most exposed to such a cap? CapitalOne I assume is high on the list…
Exposure would be measured in something like % of interest income from consumer revolving credit.
I guess Charlie wasn't so smart dropping mortgages and being a mainstreet bank.. if only some of us knew
@a2 Left-wing troll. This is not a political commentary board. Conflaltion beyond reasonableness.
never going to happen, and even if it did you can say goodbye to non prime or above lending and accounts closing down. if he wasn't worried about the midterms he wouldn't have brought this up. amd notice how it is only a one year reprieve, how convenient
First point, I think this is a retaliation pressure because Jamie Dimon has publicly stated he’s.not contributing to the golden ballroom because he’s afraid of future administration’s DOJ - basically calling it out as quid pro quo
But if it does happen, it will affect gross profits and jobs will feel the pain to accommodate his expense ratio