On 7/4/23 10:15, Bill Johnson wrote:
I know more about banking than you know it alls. Already proved Crayford wrong
regarding the challenger banks. And ING dropped their mainframe as their stock
price is cut in half the last 20 years. Explain the complex reasons or are you
making that up too?
Throughout my time on this forum, I've engaged in numerous debates, but
I always maintain the highest regard for those I disagree with. These
individuals are exceptional mainframe experts, boasting extensive
experience and adding immense value to our community. Bill, I struggle
to recall any technical insights you've shared in our discussions.
Instead, you tend to repeatedly express unconstructive comments. Please
consider reevaluating your approach, as your current contributions are
not generating much interest or value.
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On Thursday, April 6, 2023, 10:11 PM, Doug <d...@bkassociates.net> wrote:
For alot more complex reasons than your simplistic view of banking.
Perhaps some time learning real banking might help. Or some
macroeconomics to go along with it. I've made plenty over the years on
the right bank investments. And took some risks with others. But I
actually understand the business.
And despite your pronouncement, plenty of retail banks are quite
profitable.
Doug Fuerst
d...@bkassociates.net
------ Original Message ------
From: "Bill Johnson" <00000047540adefe-dmarc-requ...@listserv.ua.edu>
To: IBM-MAIN@listserv.ua.edu
Sent: 06-Apr-23 20:19:39
Subject: Re: Stop the ragging on COBOL please [was: RE: ASM call by
value]
I did. Mellon Bank during the transition from retail bank to investment bank.
Retail banking sucks for profits. That’s why Citi is selling for 6 times
earnings. ING stock would have lost you a ton of money over the last 20 years.
Why are bank stocks selling at a huge discount to the market?
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On Thursday, April 6, 2023, 8:06 PM, Doug <d...@bkassociates.net> wrote:
Maybe you should have actually worked in retail banking, which clearly,
you never have.
Doug Fuerst
d...@bkassociates.net
------ Original Message ------
From: "Bill Johnson" <00000047540adefe-dmarc-requ...@listserv.ua.edu>
To: IBM-MAIN@listserv.ua.edu
Sent: 06-Apr-23 19:16:58
Subject: Re: Stop the ragging on COBOL please [was: RE: ASM call by
value]
Like I said, there’s little money in retail banking. And zero money to be made in
challenger banking. It’s why they are all shrinking or closed. Mellon bank saw this
20+ years ago. ING & others are focusing more on investment banking. Mostly for
the high net worth people but also people in our financial arena. It’s why Bank of
America agreed to take on Merrill Lynch in 2008 during the meltdown. And still
can’t make much money because of their focus on retail banking. Wells Fargo got
fined a bundle for trying to rip off consumers because there’s little money in
retail banking. Most banks are trying to get into investment banking where
significant money can be made. Quasi Goldman Sachs or Morgan Stanley like.
You can see how precarious the economy is for retail banking companies by how
quickly they can become insolvent. Even a bank considered excellent because of
their clientele like SVB. Then Credit Suisse almost went belly up until UBS
saved them. Deutsche Bank isn’t exactly a bastion of profitability either.
Citibank almost went belly up in 2008. One of the largest banks in the world.
Anyone who claims banking, especially retail banking is a profit generating
machine is not paying attention.
Sent from Yahoo Mail for iPhone
On Thursday, April 6, 2023, 6:07 PM, René Jansen
<rene.vincent.jan...@gmail.com> wrote:
They will be disappointed if they hear that, there are a fusion between
Rijkspostspaarbank, NMB (Nederlansche Middenstandsbank, Postcheque en
Girodienst, and Nationale Nederlanden. They are a very large bank in the
Netherlands. And yes they are off the mainframe, running a lot of mainframe
stuff on Micro Focus.
best regards,
René.
On 7 Apr 2023, at 00:01, Bill Johnson
<00000047540adefe-dmarc-requ...@listserv.ua.edu> wrote:
ING isn’t a bank either.
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