Surveillance: Wall St. and Main St. Brace for Recession (Podcast)
Bloomberg Surveillance
00:00
Wall Street or Main Street?
The big money center banks, essentially parts of their business are already in recession. We think anyone, any bank with a big investment banking business, is going to have a tough run on revenues. But don't forget what the corps regional banks are doing. First republics revenues were up 22 % year over year,. morgan's families were down 11%. washington federal, which reported yesterday, was up 17 %.
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