October 19, 2016

Bank of America reported strong third-quarter earnings on Monday - and the bank's dealmakers had a big hand in the performance. The firm's corporate and investment bank had its best third quarter since Bank of America merged with Merrill Lynch in 2009, bringing in $1.46 billion worth of revenues.  That helped the global banking business, which houses corporate and investment banking along with transaction banking and business lending, report a net profit of $1.6 billion in the quarter. That was up 22% from the same period a year earlier .   Read more.

Goldman Sachs ( GS ) will detail its earnings figure for the third quarter on Tuesday, October 18, and we expect the premier investment bank to report strong operating figures for the period on the back of improved securities trading conditions and increased global M&A and capital raising activity. While exceptionally weak activity levels in the first quarter and the unexpected Brexit vote in June contributed to a sharp increase in trading revenues for the second quarter, elevated currency and debt trading activity are expected to help these revenues for the third quarter.  Read more.

On Wall Street, moneymaking companies have long relied on confidentiality agreements to prevent employees from divulging their secrets. But now, the nation's labor board has challenges some provisions in the contracts that Bridgewater Associates, the world's biggest hedge fund firm, requires each full-time employee to sign.   The unusual action is calling into question longstanding practices and prompting some companies to re-examine their employment agreements.   Read more.

Edmund Shing, head of equity and derivative strategy at BNP Paribas, and Bloomberg Gadfly columnist Lionel Laurent discuss the European banking industry, with a focus on Italian banks and what's next for Deutsche Bank. They speak on "Bloomberg Surveillance."  Watch video.
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Experience a proven track record in reducing delinquencies and defaults through high-touch servicing. First Associates' Customer Service Team consists of highly experienced professionals trained to build and maintain strong relationships with borrowers.
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First Associates is the fastest growing loan servicer in the nation and has been serving the needs of partners and borrowers for 30 years. Our state-of-the-art technology and infrastructure mean we have the flexibility and scalability to meet the demands of any client


First Associates Loan Servicing, LLC | (858) 999-3064 |  lchiavaro@1stassociates.com
15373 Innovation Drive, Suite 300,  San Diego, CA 92128