Citi’s $7.6 bln loss meets Wall Street estimate (MarketWatch)
Citi said this morning that it posted a fourth-quarter loss of $7.6 billion, in line with analyst estimates and accounting for more than $6 billion in expenses to repay some government investments. The $7.6 billion loss amounted to 33 cents a share, compared to a loss of $17.24 billion, or $3.40 a share, in the year-ago quarter.
Goldman Delays Bonus Decision (Reuters)
Goldman employees across the pond were supposed to get their bonus numbers yesterday– but now they’re getting them next week, which is very upsetting.
AIG Seeks Changes In Bonus Payments (WSJ)
AIG is obligated to pay out $195 million in retention bonuses in March to AIG Financial Products employees. The company recently discussed a proposal to make the payment several weeks early if employees agree to have it reduced by 10% to 15%, people familiar with the matter said.
Credit Suisse Cuts Global Bonus Pool by 5% to Spread Costs From U.K. Taxes (Bloomberg)
About 400 managing directors in the U.K., who make up less than 10 percent of Credit Suisse’s staff in the country, were told today that their bonus pool is being cut by a further 30 percent from planned levels.
Swiss Banker Blows Whistle On Tax Evasion (NYT)
“It is a global problem, and I am only the messenger who provides the bad news, or even better, the truth,” Mr. Elmer, 54, wrote in a recent e-mail message. “Offshore tax evasion is the biggest theft among societies and neighbor states in this world.”
Report: More men get economic boost from marriage (AP)
House-husbands!
Obama Bank Tax: Wall St. Mulls Court Challenge (ABC)
“Using the tax code as a punitive measure, besides being bad policy, creates Constitutional problems,” Scott Talbott, chief lobbyist for the Financial Services Roundtable in Washington, told ABC News Monday.
I'm waiting til we have a captive audience.
-LB
Thanks for comin' on my radio show on Friday night, Bess. Pretty funny, dat story about JC and da leather couch smell….like a fuckin' teenage stoner. Heh heh heh.
"Ya know", I gotta lotta stuff offa my chest Friday night, Bess. Like I said, I can tell dat dose fuckin' commentors on DB are mostly guys. Dare a buncha fuckin' sissy anonymous cowards! None of dose cowards would dare stand dare and say dat kinda shit to my face, da pussies. Fuckin' bloggers….
Did ya like how I called LB a "twerp" ("for lack of a better word")? Dat bastard is anti-Italian, too – he calls me a "thug", like I'm some kinda leather jacket wearing Soprano's consigliere! Fungul on him and da fuckin' bloggers. Why da fuck would he say dat I'm a thug??!
"By the way" ya missed it when dat truck driver from Texas called in. I got to explain da Glass Steagall Act and da entire cause-a-da recession to him, awl while he was drivin' around in da truck. I think I mighta even sold him a copy of my book, on tape!!!
"By the way", did ya know I almost married a girl from Texas? I sent her a copy-a-my book, but when she saw da title, she thought it was an autobiography. Da bitch.
-cg
"The company recently discussed a proposal to make the payment several weeks early if employees agree to have it reduced by 10% to 15%". What threat is being left unsaid?
After two years in the top job, Pandit’s “honeymoon is over,” Saudi investor Prince Alwaleed bin Talal said last week in an interview with Fox Business News. “It’s time to deliver,” Alwaleed said. Pandit replied, "That was some fucking honeymoon. My ass really hurts."
@4 are you always this late to the party?
http://dealbreaker.com/2010/01/watch-the-latest-b...
@5, I missed the whole day…it looks like it was a good one, too.
@3/AB hyperinflation?
Let's have a contest. How many more articles will Hugh Son write before he hits on that one, magical e-mail that implicates Timmy G's Goldman collusion without any doubt? I say 4.
http://www.bloomberg.com/apps/news?pid=20601087&s...
"New York Fed “Very Sensitive” on AIG, Company E-Mail Says"
Why is this man smiling?
None. That is all.
He looks so regal in that pic.
marriage heading is misleading, at best, but whatever, bros don't get married
@12 But I really love her. She told me that its not about the money, and that she's gonna stay fit (even after we have kids).
I miss Greg.
(primarily because Jeff Macke is gone – we need a "Best of" list here…bess, make it happen if we're not getting a goddamned bonus watch for another few days)
I miss Ron Blarney.
Wow, Erin Burnett is not bright, is she?
San Diego lost.
Martin Luther Koon.
-M. Greenberg
10- examine your hood
Snoop Dogg can run Citi better.
@ 16
Examine your motives.
She's one of the 100 sexiest women.