SLM Corp (NASDAQ:SLM), better known as Sallie Mae reported earnings on Wednesday, which beat expectations but were not great. The student loans broker reported first quarter profit fell to $112 million or $0.21 share. The good news is that core earnings were up to $283 million or $0.55 a share. The company released this statement about its earnings release, “The improvement in core earnings was primarily the result of a $50 million decline in loan...
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Jose Vinals, director of the IMF’s monetary and capital markets department, spoke with Bloomberg Television’s Margaret Brennan today and said that the European Stability Mechanism (ESM) should be able to put capital into banks without going through national governments to “de-link the sovereign and banking risk at the national level.” Vinals also warned against getting “caught into a wave of pessimism by recent market data” even if the “situation is uncertain” in countries like...
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