Monday, October 8, 2007

Financial Biggies

Financial Biggies like Meryll, Goldman, UBS, Morgan, JP Morgan announced their results in the last fortnight. Citi's results are still to come.

One thing for sure from them are, money making is a damn serious business. Proprietary trading is here to stay. Banks are making money in multiple ways like lending through various loans, investing in companies, proprietary trading, FX etc... Looks like most of the banks are betting huge through trading as the credit growth is sluggish in the last 6 months or so.

Fascinating days ahead until March 08 for sure for the serious players.

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