Shame
4 replies (most recent on top)
I disagree. It depends on how you define "reputation". They care about not getting into too much trouble -- with the fed, the regulators.
The asset cap and the fines do hurt the bank -- limits their profits. Its a freaking game for them.
HY doesn't really care about profits. If the stock is up, they are happy. Profits could be zero. They blew every penny this company made in the last 2 years in share buy backs and pet projects in NYC. Every, single, penny.
Welcome to corporate America, surprised your just realizing this now.
Yawn.