European banks are getting destroyed

  • tj85016

    Posts: 4123

    Feb 04, 2016 1:22 PM GMT
    quote.chart?SYMBOL_US=CS&WIDTH=305&HEIGH

    Credit Suisse hits 1991 lows

    quote.chart?SYMBOL_US=DB&WIDTH=305&HEIGH

    Deutsche Bank destroyed

    Italian banks are junk
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    Feb 04, 2016 1:29 PM GMT
    tj85016 saidquote.chart?SYMBOL_US=CS&WIDTH=305&HEIGH

    Credit Suisse hits 1991 lows

    quote.chart?SYMBOL_US=DB&WIDTH=305&HEIGH

    Deutsche Bank destroyed

    Then I guess you better rush right out and do something about it. icon_wink.gif+

    As for myself, my own US bank is doing quite well. In fact, I had lunch with a Wells Fargo VP yesterday, who handles my banking with them. Everything seems just fine. If there's a banking crisis I wasn't aware of it, and it doesn't seem to be having any effect on my interests.
  • tj85016

    Posts: 4123

    Feb 04, 2016 1:55 PM GMT
    was I discussing US banks? no

    lol your banker is not going to tell you until it's too late icon_lol.gif

    they never have, and never will
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    Feb 04, 2016 2:24 PM GMT
    "Wells Fargo VP "

    In banking everyone above the level of teller is referred to as a VP.
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    Feb 04, 2016 2:32 PM GMT
    tj85016 saidwas I discussing US banks? no

    lol your banker is not going to tell you until it's too late icon_lol.gif

    they never have, and never will

    This banker might. He's gay, and I know both him and his partner socially. I wouldn't expect him to tell me about confidential internal bank matters, which would violate his fiduciary responsibilities to his employer. But he might advise me how to protect my money if he saw a coming risk.

    In any case, he makes a pleasant lunch or dinner companion, and one does get a sense of things from his perspective. And I get no feeling for concern regarding his bank and my interests. Plus I keep my eyes open on many fronts, he's not my only source of information.

    Which brings us back to Deutche Bank, with whom I also did business in the 1970s, living in Germany. Is it literally "destroyed", and if so, why? It would indeed impact us in the United States, because international banking is so interlocked.
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    Feb 04, 2016 2:45 PM GMT
    freedomisntfree said"Wells Fargo VP "

    In banking everyone above the level of teller is referred to as a VP.

    Now that was really unnecessary. He is indeed a regional VP. One of the bank managers at our local branch handles my ordinary business. But I go to this VP for special situations. And also when I'm looking for corporate donations for one of my charities, since those decisions are made at his level.


    And I don't think someone "above the level of a teller" could have put all our lunches on his corporate account as a business expense. Which I wasn't expecting, since I had invited him. But he was adamant, so I had to put my own Wells Fargo card away.

    Which we were discussing earlier, since it has a picture of both me and my husband on it, taken while doing the charity bicycle ride to Key West his bank helps to underwrite. He hadn't seen an example of this personalized feature that Wells Fargo offers for free. So I had my card already out, ready to use, but he wouldn't let me.
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    Feb 04, 2016 3:03 PM GMT
    Vice President in charge of new accounts and parking validation. Words can't describe how impressed I am.
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    Feb 04, 2016 3:06 PM GMT
    Art_Deco said
    freedomisntfree said"Wells Fargo VP "

    In banking everyone above the level of teller is referred to as a VP.

    Now that was really unnecessary. He is indeed a regional VP. One of the bank managers at our local branch handles my ordinary business. But I go to this VP for special situations. And also when I'm looking for corporate donations for one of my charities, since those decisions are made at his level.


    And I don't think someone "above the level of a teller" could have put all our lunches on his corporate account as a business expense. Which I wasn't expecting, since I had invited him. But he was adamant, so I had to put my own Wells Fargo card away.

    Which we were discussing earlier, since it has a picture of both me and my husband on it, taken while doing the charity bicycle ride to Key West his bank helps to underwrite. He hadn't seen an example of this personalized feature that Wells Fargo offers for free. So I had my card already out, ready to use, but he wouldn't let me.


    Don't fret, we're all dutifully impressed.
  • tj85016

    Posts: 4123

    Feb 04, 2016 4:10 PM GMT
    lol 95% of bankers don't know shit, they sell loans, credit cards, and parrot crap from their bs "economists"
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    Feb 04, 2016 4:45 PM GMT
    tj85016 saidlol 95% of bankers don't know shit, they sell loans, credit cards, and parrot crap from their bs "economists"

    OK, I guess you're bound to be stubborn on this point. Although it's not yet clear what your OWN banking credentials are, to be so certain.

    I don't know anything about banking myself, why I rely on those on the inside who are closest to the "action". And I'm good at discerning the "worker bees" from the decision makers.

    I don't judge our friend to be a mere worker bee who only knows how to take orders, although I'm sure his level of organizational loyalty is high, as it should be. I did learn that much myself when in the US Army. It's also where I learned to judge people, for purposes more vital than knowing how my banking is going.

    I therefore believe our friend is truthful and forthcoming, and he gives me a feeling of confidence to place our trust in him. But you'll no doubt make another sweeping denunciation of bankers, so let's leave it at that.
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    Feb 04, 2016 4:56 PM GMT
    Art_Deco said
    tj85016 saidwas I discussing US banks? no

    lol your banker is not going to tell you until it's too late icon_lol.gif

    they never have, and never will

    This banker might. He's gay,


    gay = honest ?
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    Feb 04, 2016 6:14 PM GMT
    desertmuscl said
    Art_Deco said
    tj85016 saidwas I discussing US banks? no

    lol your banker is not going to tell you until it's too late icon_lol.gif

    they never have, and never will

    This banker might. He's gay,

    gay = honest ?

    He's very involved with our local gay community, to which we helped introduce him when he arrived here about 5 years ago. He promptly got Wells Fargo to loan one of their iconic period stagecoaches with 4 horses to parade in our June Stonewall Pride parade (which he rides on himself), along with a large contingent of WF marchers. He's now a member of several boards of directors of gay organizations, also at our encouragement. I doubt he would tarnish his excellent high-profile image, and that of WF, by giving out any bad information.

    And as to the reason I mentioned here that he's a VP, with whom I had lunch yesterday, was to establish his banking credentials and my personal association with him. Not a suit across from me at a desk, but someone with whom I'm friendly and conversational. I'm sorry if some guys here used that as an opportunity for gratuitous insults to me. Too bad they can't see anything outside their own disagreeable personal agendas.