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...board must have made its decision to keep Lewis based on one of two things. The first is that he did the best he could with a difficult set of circumstances that face most large banks. The second is that no one else would take the job. Lewis can fairly make the claim that B of A shareholders have not done too badly since the Merrill troubles were disclosed. Since the first of the year, the firm's stock has done nearly as well as Wells Fargo's (WFC) and much better than Citigroup's (C). (See 25 people...
...Dinkic avoided answering her question, instead speaking at length about handling adversity in the job market and remaining hopeful. Still, Dinkic’s message was largely appreciated. “It’s a tough economic situation so it’s difficult to do things on a larger scale,” Rupert said in response to the awkward exchange. “But it’s important to plant the seeds.” For his part, Dinkic said he was happy to share his time and opinions with the United States, which he called...
...firms.Students have established a fall and spring “Day of Service” each semester, a day of volunteering in which Ellwood and some faculty have participated. And the Student Public Service Collaborative is pushing for more financial aid, although students say they realize this will be difficult in the current financial climate.But despite such changes, Ginsburg says substantial progress may be a long time coming.“The goal is not something you’re going to accomplish in one semester or one year,” he says. “It?...
...Philadelphia-based strategist Larry Ceisler, a Democrat who has long supported Specter, said he had expected to see him make a bid as an independent, even though that is technically difficult under Pennsylvania law, and was taken aback by his complete switch of parties. That switch, he said, appears to be the loudest statement of disapproval Specter can make about the Republicans and not necessarily an endorsement of the Democrats. "I don't expect Arlen Specter to be any different as a Democrat than he was as a Republican ... He was a maverick Republican. He's going...
...frequency, SOEs offer Chinese banks a margin of safety: an implicit guarantee that the government will ultimately make good on their loans. This is making it harder for China's banks to adopt modern risk-management practices and diversify their traditional customer base, which is largely SOEs. "It's difficult to go on a massive spending binge and at same time create new channels," says Pettis. "The easiest thing to do is more of the same...