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Bank endorsements for Obama

Various banks have made public statements of support over the past few months for Barack Obama.

Here's one from HSBC we found earlier:

and another one I quite like from the YouTube fraternity for the Bank of Obama:

Cool, and over 300 million customers!

The latter ad seems appropriate as Hugh McColl Junior, former chairman and CEO of Bank of America, did say during the campaign:

"I've seldom offered my opinion in
writing and never submitted a piece such as this. The condition of our
country compels me.The economic disarray threatening our community and
nation poses critical challenges but also presents opportunity. We can
observe the presidential candidates in the crucible of crisis.  Only one of them demonstrates the needed intellect, fortitude and temperament. That is why I have decided to publicly support Barack Obama."

And what is Barack Obama's first job?

According to Bloomberg's Michael R. Sesit, "Buying Brain-Dead Banks", as "ongoing gloom surrounding
the banking sector" offset any optimism generated by the inauguration of
Barack Obama as president:

  • FTSE 100 down 17.07
    points, or 0.4 percent, to 4,091.40
  • Germany's DAX fell 76.29
    points, or 1.8 percent, to 4,239.85
  • France's CAC-40 down 64.41 points, or 2.2 percent, to 2,925.28
  • Dow Jones industrial average slumped 156.74 points,
    or 1.9 percent, at 8,124.48 in midday trading in New York
  • Standard & Poor's 500 index dropped 22.89 points, or 2.7
    percent, at 827.23

About Chris M Skinner

Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here...

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