Word: outlooks
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Dates: during 2000-2009
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Kevin Pearson, executive vice president of M&T Bank, said he thinks banks will be able to avoid many of those loan losses through loan modifications or "through blocking and tackling," as he put it. Parkus, though, said that outlook was too positive. He countered that banks will have a very tough time refinancing the poor loans they made at the height of the credit bubble. "There are very large losses embedded in the system," he said...
...near term, we still expect losses to exceed management's expectations," wrote analyst Paul Miller, who follows banks at FBR Capital Markets, in a recent report to clients. Miller, who rates Wells' shares "underperform," expects Wells' stock to fall by half its current price to $12. "Given our macro outlook ... we just can't get comfortable with Wells' balance sheet...
...After law school, Sotomayor worked for five years in the office of Manhattan district attorney Robert Morgenthau, where she prosecuted everything from petty drug crimes to felony assaults and murder. No less than her background in the projects, her experience pressing criminal cases may have affected her outlook years later on the bench. One case she presided over, U.S. v. Falso, seemed likely to go against police who had charged a man with possessing child pornography after they entered his house on a wrongly issued search warrant. Instead, Sotomayor ruled in favor of the officers. "It wasn't just...
...educated, privileged lawyers have a professional and moral duty to represent the underrepresented in our society, to ensure that justice exists for all, both legal and economic justice." (The Hispanic Outlook in Higher Education, November...
...store shelves and a 20% increase in profits. "After Ma got elected, everything's more convenient for businessmen," says Kuei. In a recent survey conducted by Taiwan's CommonWealth magazine, 60% of the CEOs questioned said that liberalized cross-strait relations were improving Taiwan's economic competitiveness. This positive outlook has helped fuel a 40% surge in Taiwan's stock market this year, making it one of the best-performing in Asia. "A positive relationship across the strait can help recover some of the competitive advantages we have lost in the past 10 years," says J.T. Wang, chief executive...