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Sent from Yahoo Mail for iPhone On Friday, April 7, 2023, 9:48 AM, Joe Monk <joemon...@gmail.com> wrote: "I know more about banking than you know it alls." You dont know what you dont know. Joe On Thu, Apr 6, 2023 at 9:16 PM Bill Johnson < 00000047540adefe-dmarc-requ...@listserv.ua.edu> wrote: > I know more about banking than you know it alls. Already proved Crayford > wrong regarding the challenger banks. And ING dropped their mainframe as > their stock price is cut in half the last 20 years. Explain the complex > reasons or are you making that up too? > > > Sent from Yahoo Mail for iPhone > > > On Thursday, April 6, 2023, 10:11 PM, Doug <d...@bkassociates.net> wrote: > > For alot more complex reasons than your simplistic view of banking. > Perhaps some time learning real banking might help. Or some > macroeconomics to go along with it. I've made plenty over the years on > the right bank investments. And took some risks with others. But I > actually understand the business. > And despite your pronouncement, plenty of retail banks are quite > profitable. > > Doug Fuerst > d...@bkassociates.net > > ------ Original Message ------ > From: "Bill Johnson" <00000047540adefe-dmarc-requ...@listserv.ua.edu> > To: IBM-MAIN@listserv.ua.edu > Sent: 06-Apr-23 20:19:39 > Subject: Re: Stop the ragging on COBOL please [was: RE: ASM call by > value] > > >I did. Mellon Bank during the transition from retail bank to investment > bank. Retail banking sucks for profits. That’s why Citi is selling for 6 > times earnings. ING stock would have lost you a ton of money over the last > 20 years. Why are bank stocks selling at a huge discount to the market? > > > > > >Sent from Yahoo Mail for iPhone > > > > > >On Thursday, April 6, 2023, 8:06 PM, Doug <d...@bkassociates.net> wrote: > > > >Maybe you should have actually worked in retail banking, which clearly, > >you never have. > > > > > >Doug Fuerst > >d...@bkassociates.net > > > >------ Original Message ------ > >From: "Bill Johnson" <00000047540adefe-dmarc-requ...@listserv.ua.edu> > >To: IBM-MAIN@listserv.ua.edu > >Sent: 06-Apr-23 19:16:58 > >Subject: Re: Stop the ragging on COBOL please [was: RE: ASM call by > >value] > > > >>Like I said, there’s little money in retail banking. And zero money to > be made in challenger banking. It’s why they are all shrinking or closed. > Mellon bank saw this 20+ years ago. ING & others are focusing more on > investment banking. Mostly for the high net worth people but also people in > our financial arena. It’s why Bank of America agreed to take on Merrill > Lynch in 2008 during the meltdown. And still can’t make much money because > of their focus on retail banking. Wells Fargo got fined a bundle for trying > to rip off consumers because there’s little money in retail banking. Most > banks are trying to get into investment banking where significant money can > be made. Quasi Goldman Sachs or Morgan Stanley like. > >> > >>You can see how precarious the economy is for retail banking companies > by how quickly they can become insolvent. Even a bank considered excellent > because of their clientele like SVB. Then Credit Suisse almost went belly > up until UBS saved them. Deutsche Bank isn’t exactly a bastion of > profitability either. Citibank almost went belly up in 2008. One of the > largest banks in the world. Anyone who claims banking, especially retail > banking is a profit generating machine is not paying attention. > >> > >> > >>Sent from Yahoo Mail for iPhone > >> > >> > >>On Thursday, April 6, 2023, 6:07 PM, René Jansen < > rene.vincent.jan...@gmail.com> wrote: > >> > >>They will be disappointed if they hear that, there are a fusion between > Rijkspostspaarbank, NMB (Nederlansche Middenstandsbank, Postcheque en > Girodienst, and Nationale Nederlanden. They are a very large bank in the > Netherlands. And yes they are off the mainframe, running a lot of mainframe > stuff on Micro Focus. > >> > >>best regards, > >> > >>René. > >> > >>> On 7 Apr 2023, at 00:01, Bill Johnson < > 00000047540adefe-dmarc-requ...@listserv.ua.edu> wrote: > >>> > >>> ING isn’t a bank either. > >>> > >> > >>---------------------------------------------------------------------- > >>For IBM-MAIN subscribe / signoff / archive access instructions, > >>send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN > >> > >> > >> > >> > >>---------------------------------------------------------------------- > >>For IBM-MAIN subscribe / signoff / archive access instructions, > >>send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN > > > >---------------------------------------------------------------------- > >For IBM-MAIN subscribe / signoff / archive access instructions, > >send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN > > > > > > > > > >---------------------------------------------------------------------- > >For IBM-MAIN subscribe / signoff / archive access instructions, > >send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN > > ---------------------------------------------------------------------- > For IBM-MAIN subscribe / signoff / archive access instructions, > send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN > > > > > ---------------------------------------------------------------------- > For IBM-MAIN subscribe / signoff / archive access instructions, > send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN > ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN
