Another Wall Street "Expose"
http://www.businessinsider.com/mt-bank-ceo-robert…
What the fuck is M&T bank?
And is business insider a legitimate news website or is it run by two kids out of their dorm room? I can never tell.
even i know m&t bank...
One of my professors was just talking about him last week, apparently he's a very conservative commercial banker that doesn't jump on any hot trends and is a big fan of slow and steady wins the race.
M&T bank sponsors the biggest stadium in baltimore..you sir, sound stupid
How does sponsoring an NFL stadium dispute conservative investments in a portfolio of 78B? NFL teams have the most predictable sales of any sport in the US, and the Ravens have one of the best teams in the NFL. My guess is that he probably understands this investment much better than you or I. But since he's a top 50 commercial bank that made money every quarter during and after the financial crisis, and he had made comments publicly prior to the subprime collapse about the state of leverage and move away from traditional banking kind of shows his own foresight and conservativeness.
He wasn't talking to you.
If I recall correctly, in Mike Mayo's recent book "Exiled on Wall Street," about his long career as a bank stock analyst, he explained that M&T Bank was the best performing bank stock of the past 30 years. So, if anything, M&T Bank is one of the best run banks in the country.
Huh, never heard of them. they aren't a huge bank and dont have any branches in my state.
No news site is legitimate anyway so that shouldn't play a role in forming your own opinion.
I've heard of M&T Bank...It's known but um...nothing to get wet about. I mean I like sexy.
They have a Cayman Island office with 300mm in deposits... thought it was interesting.
Talked about them in class the other day as well, apparently Warren Buffet owns a nice piece of them.
Are there people who really haven't heard of M&T? I thought you guys follow cap markets. It doesn't have the sexy (err...highly leveraged, TBTF business model) everyone here loves, but from my understanding is one of the best run commercial banks in the country. TheKing is spot on.
Exactly. It just doesn't have that "bad boy" vibe that all of the girls on here love.
M&T bank loves trolling on wall street
Anyone care to summarize his rant?
M&T (Merchant and Trust) is headquatered in upstate NY, has some branches in NY but run mainly in Baltimore.
As someone else has stated, they sponsor the Ravens' stadium. I had to analyse their stocks and dividend option for a finance class and well, they have been doing very well.
M&T bought Wilmington Trust for $351M in stock in 2010. They have also bought Provident Bank in 2008/2009 during the bubble.
As a matter of fact, my first checking account was with M&T. They have a great customer service.
Ahh, then cheers sir.
can someone throw shit at this guy for saying cheers?
He's probably Indian, or British, maybe Canadian.
It was actually kind of a throwback to that cheers guy in the email to the president, I was just reading it last night and thought it was funny as fuck. But anyways, shit taken.
M&T shouldn't be casting too much blame just yet. They are starting to break into capital markets and given 10 more years will most likely be "distorting" the economy just like the other WS banks.
But yeah, M&T is pretty solid right now. Originally out of Buffalo they have expanded a lot.
First Niagara is another bank to keep an eye on.
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