Anton Schutz

Anton Schutz News

  • Fannie Shares Seen as Worthless Surging in Disconnect

    Fannie Mae and Freddie Mac shares surged to five-year highs last week, giving them a combined market value of $48 billion, about the same as BlackRock Inc., the world’s largest money manager, and Starbucks Corp., the biggest coffee-shop operator.

  • Blankfein Leads Pay List Amid 7.7% Increase for Bank CEOs

    Bankers at Goldman Sachs Group Inc. had a tumultuous 2012. The firm cut 900 jobs, promoted the fewest executives to the exalted post of partner in more than a decade and slashed the portion of revenue set aside for compensation to 38 percent from 42 percent a year earlier.

  • Blankfein Flunks Asset Management as Clark Vows No More Goldman

    On Jan. 2, Jim Clark , a founder of such technology icons as Netscape Communications Corp. and Silicon Graphics Inc. , was at home in Palm Beach, Florida, when he got an e-mail from an executive at Goldman Sachs Group Inc. ’s private wealth management division. Goldman was offering Clark a chance to invest in the closely held social-networking company Facebook Inc. The deal -- through a fund overseen by Goldman Sachs Asset Management -- was being offered to other Goldman investors at the same time, Bloomberg Markets magazine reports in its March issue.

  • JPMorgan, Citi to Buy Back Shares in 2012: Schutz

    Anton Schutz, president of Mendon Capital Advisors Corp., talks about the outlook for U.S. banks in 2012 and his investment strategy for shares of lenders.

  • U.S. Stocks Retreat as Banks Tumble on Foreclosure Concerns

    U.S. stocks declined, dragging benchmark indexes down from five-month highs, as financial companies slumped amid concern over growing legal scrutiny of home foreclosure practices.

  • Goldman Keeping Lid on Pay Amid Rebound Cheers Investors

    Goldman Sachs Group Inc., the securities firm that set a Wall Street compensation record in 2007, is now demonstrating how little it can pay.

  • Goldman No. 1 at Rating Financial Companies With 38% Right

    It’s been a rough three years for banks, securities firms and insurers -- even rougher for the analysts whose job it is to predict how the stocks of these firms will perform, Bloomberg Markets reports in its November issue.

  • Pakistan Sukuk Rules, Nifty Index Rout, SEC: Compliance

    Pakistan has drafted rules to develop the Islamic capital market as the central bank seeks to increase assets that comply with religious tenets to 15 percent of the total in five years.

  • Moynihan Says ‘New Normal’ in Banking Is Less Profitable

    Bank of America Corp. Chief Executive Officer Brian T. Moynihan said that slow economic growth and new regulations mean that the “new normal” in retail banking won’t be as profitable as before.

  • Moynihan Becomes Obama's Wall Street Ally on Rules Overhaul

    The Obama administration has found a banker it can do business with: Bank of America Corp. ’s Brian Moynihan .

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