The Leyendecker View Blog


  • » TLV Industry: February 17, 2017

    • February
    • 16
    • 2017

    TLV Industry: February 17, 2017

    "Money is a good servant but a bad master."
    - Sir Francis Bacon

    NEWS FROM OUR WORLD

    Banking


    Credit Suisse Cutting up to 6.500 jobs after $2.4B loss
    Largely on the back of a $2B charge to settle U.S. claims on fraudulent mortgage practices, the Swiss bank posts its second straight annual loss.
     
    Global investment banking revenue in 2016
    JP Morgan continues to lead the pack.

      Read More »

  • » TLV Economy: February 5, 2017

    • February
    • 04
    • 2017

    TLV Economy: February 5, 2017

    Never test the depth of the river with both feet.”
    - Warren Buffett

    ECONOMIC DASHBOARD

    A log of the most recent releases of data impacting our world

    EMPLOYMENT

    Bureau of Labor Statistics on Employment: Good job growth, poor wage growth

    (February 3, 2017) Total nonfarm payroll employment rose by 227,000 in January 2016, the most in four months, but wage growth slowed more than projected. Job gains occurred in retail trade (46K), construction (36K), and financial activities (32K). The unemployment rate was little changed at 4.8%. Average workweek, 34.4 hours, was little changed from December. The change in total nonfarm payroll employment was revised down by 39,000 jobs for November and December. Average hourly earnings for all employees on private nonfarm payrolls rose by 3 cents to $26, following a 6-cent increase in December. Over the year, average hourly earnings have risen by 2.5%.
     
    Conference Board Help Wanted Online Index: Smaller increase in January
    (February 1, 2017) Following the small December gain of 74,000, online advertised job vacancies recorded an even smaller gain of 49,000 in January 2017. Since reaching a peak in November of 2015 of 5,547,138, online job listings have fallen to the current 4,850,500. The December supply/demand ratio stands at 1.57 unemployed persons for each advertised vacancy, with a total of 2.7 million more unemployed workers than the number of advertised vacancies.  Read More »

  • » TLV Careers: February 1, 2017

    • February
    • 01
    • 2017

    TLV Careers: February 1, 2017

    To avoid criticism, say nothing, do nothing, be nothing.”
    - Aristotle
     
    LESSONS FROM THE SEARCH TRENCHES
     
    Life is a 162 game season. The goal is to be in first place at the end of the season. Strive to improve every day. Be patient and persistent. Do good things.
     
    Major League Baseball has a 162 game season. But that’s not all the games the teams and players will play. There’s preseason. If lucky, there are the playoffs. A team can play as many as 180 games in one season. That’s a whole lot of work—or fun for those ball players who surely enjoy what they are doing. I guess it helps that they are getting paid gazilions. Those offseason vacations must be quite luxurious. Read More »

  • » TLV Industry: January 24, 2017

    • January
    • 24
    • 2017

    TLV Industry: January 24, 2017

    No amount of sophistication is going to allay the fact that all of your knowledge
    is about the past and all your decisions are about the future
    .”
    – Ian Wilson, former GE executive

    NEWS FROM OUR WORLD

    Banking


    Trump’s plans could double US GDP growth by 2018, Deutsche Bank Says
    Concern about Trump’s policies are everywhere, but this banker seems pretty optimistic.

    Radical changes are on their way for investment banks
    Technology, regulation and globalization are rapidly changing the way investment banks operate. Read More »

  • » TLV Economy: January 6, 2017

    • January
    • 06
    • 2017

    TLV Economy: January 6, 2017

    ECONOMIC DASHBOARD

    A log of the most recent releases of data impacting our world

    EMPLOYMENT
     
    Bureau of Labor Statistics on Employment: Below expectations, but up
    (January 6, 2017) Compared to median expectations of 174,000, total nonfarm payroll employment fell short, but did rise by 156,000 in December 2016. The unemployment rate was relatively unchanged at 4.7%. Health care and social assistance (63,000) led job growth, followed by food service and drinking places (30,000). Revisions to the two previous months added 19,000 new jobs.
     
    Total 2016 employment growth of 2.16 million was below the 2015 rate of 2.7 million. The labor force participation rate, at 62.7%, changed little in December and was little changed during 2016. Total unemployment stands at 7.5 million.  Read More »

  • » Industry Update: November 10, 2016

    • November
    • 10
    • 2016

    The Latest News From Your World
    Banking, The Traditional Buy Side, Alternative Asset Management and the CFO's World

    "All money is a matter of belief." 
    - Adam Smith

    BANKING

    Deustche Bank fights to regain market share
    Europe’s economic fragility, the U.S. Justice Department fine and more aggressive competitors are making the world much more challenging for this German-based global institution.

    EVP TD Bank Group and Vice Chair of TD Securities leaving early 2017
    After almost 20 years with TD, Pat Meneley is set to leave. TD’s current head of corporate and investment banking, Robbie Pryde, will replace him.
      Read More »

  • » Recession, Anyone?

    • September
    • 12
    • 2016

    Are we headed into a recession? Numerous economic data suggests the U.S. economy has been slowing for several quarters. Just recently auto sales lost their momentum. And not withstanding the July employment print of 271,000 new jobs, one month later we fell back into what seems a more challenged job market, with 151,000 jobs added in August.
     
    Because of the massive amount of data we all have to keep up with every day, it' forest for the trees. Two trends need to be considered… Read More »

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