Word: bernstein
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Dates: during 2010-2019
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Bank analyst John McDonald of Wall Street firm Bernstein Research says most people are focused on how the lack of loans will hurt bank earnings. Lending is, after all, how banks make money. But in the past year or so, banks have had to sock away more and more cash into their reserves to account for their growing number of bad loans. That's caused earnings to plummet. With loans falling, reserve ratios - the measure of reserves to loans - are growing. That means banks will be able to divert less profit into those rainy-day accounts, which should boost bottom...
...Opportunes’ plans are not yet quite so solid. “We know we’re going to New York, but we don’t actually know if we have any gigs yet,” Opportunes baritone singer Zachary N. Bernstein ’13 said. “We’ll have fun wherever we end up going...