18 August 2017
Dean Procter

Dean Procter

Dean Procter - Transinteract

330Posts 1,048,270Views 471Comments


A place to share stuff that isn't at all fintec related but is amusing, absurd or scary.

Deals Have Been Good For The Big Banks

06 October 2009  |  2641 views  |  0

Back a while now I made a few predictions and offered a few suggestions in my finextra blog.

They were to do with what was about to happen. It appears that I had a pretty good handle on the future.

One of the key points was to be on the ball when it came to deals in the wake of what I predicted would be somewhere between a recession and a depression (unless governments got together and acted early).

It appears that the advice was taken (both by governments and some banks).

Goldman reports in WSJ that the larger banks have increased their value between Q2 2007 and Q2 2009.

"Goldman says they estimate that big banks have increased normalized earnings 39% from Q2 2007 to Q2 2009. And that’s compared to an estimated -36% falloff in normalized earnings from the regional banks during the same period. So what’s goosed the earnings power of the big banks? Deals. And that’s where Wells Fargo has really outshined some of its competitors . “Wells is the big winner this cycle on change in tangible assets per share, up 70% from 2Q07 to 2Q09."

I also predicted Santander would be the leader of the pack. I do believe thay are in pole position now. They are certainly the leading non-government bank.

I haven't received that cheque yet, so don't expect to see anymore free advice. In fact I've a mind to show banks a thing or two and perhaps lead by example. The future is very bright especially if you can see it.


Comments: (0)

Comment on this story (membership required)

Latest posts from Dean

I've been on a sabbatical

13 March 2017  |  4200 views  |  0 comments | recomends Recommends 0 TagsMobile & onlineStart upsGroupWhere are they now?

Financials Named As Customers of Child Porn Planting Hacking Team

06 July 2015  |  2426 views  |  0 comments | recomends Recommends 0 TagsSecurityRisk & regulationGroupWhatever...

In case you wondered...

02 March 2015  |  1012 views  |  0 comments | recomends Recommends 0 TagsInnovationGroupWhatever...

Coal is a dirty business.

02 March 2015  |  1404 views  |  0 comments | recomends Recommends 0 TagsRisk & regulationGroupGoing green

It makes perfect sense of course, to have a Plan

03 October 2013  |  3168 views  |  0 comments | recomends Recommends 0 TagsMobile & onlinePaymentsGroupInnovation in Financial Services

Dean's profile

job title CEO
location Sydney
member since 2008
Summary profile See full profile »
Ubiquitous mobile phone based payments, ID, transaction authentication, mobile wallet and transport ticketing.

Dean's expertise

Member since 2008
329 posts471 comments

Who's commenting on Dean's posts