lesliepicker.bsky.social
@CNBC Senior Banking and Finance Reporter
91 posts
3,353 followers
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Prolific Poster
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And yet...the banks have been giving mid-quarter updates over the last few weeks, where there were modest Q1 guidance changes, no revisions to full-year expectations, lots of color about "customer stability & resilience" and hopefulness on the new regulatory regime, according to Piper Sandler
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Hutchison says the deal is a result of a "rapid, discrete but competitive process..."
Meanwhile, Panama's government had been weighing whether to cancel its contract with Hutchison, according to a Bloomberg report, as a concession to Trump 👇
www.bloomberg.com/news/article...
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Thank you very much for the kind words
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"...We welcome the opportunity to work with the new Administration and Congress on ways to remove regulatory ambiguity while maintaining our country’s ability to address financial crime." /2
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And here's the response from JPMorgan:
"We have never and would never close an account for political reasons, full stop. We follow the law and guidance from our regulators and have long said there are problems with the current framework Washington must address...." /1
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Biggest laggards on the S&P 500 with one more trading day left:
Walgreens Boots: -65%
Intel: -61%
Moderna: -60%
Celanese: -56%
Estee Lauder: -49%
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Thank you. Good insights from Randy