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$$$ Swiss Move Closer to Releasing UBS Names [NYT]
$$$ Former BofA CEO Lewis Not Looking to Settle Civil Charges [FBN]
$$$ Dylan Ratigan Looking To Sell [Daily Intel]
$$$ Merrill Ends Deutsche Bank Suit Alleging Heaton Hired in Raid of Bankers [Bloomberg]
Allegedly, there’s a possibility. From the mailbag: Read more »
This doesn’t affect you people directly so much as it will potentially affect me but I just want to put it out there that the news New York Deputy Mayor Edward Skyler has accepted a job at Citigroup as executive vice president of global public affairs has me supremely amped. And not just because he’ll do right by Mr. Vikram, but also because of this:
Mr. Skyler, recruited by the city Parks Department from the University of Pennsylvania, was just 28 when the mayor made him his press secretary. In that job, he fiercely protected Mr. Bloomberg’s image, flashing anger and unleashing expletives at reporters.
If you haven’t already invested your $1,000 with Bernett Diversified Global Fund and are looking to get in the game, take two to consider Dubai Shariah Asset Management‘s Kauthar Commodity Fund, which is opening its doors for the first time since launching last year. Here are the relevant deets: Read more »
Two months ago, in light of the possibility that the majority of your bonuses would be paid out in stock this year, Smith & Wollensky took out the following ad in the New York Times. Read more »
Please let what has the potential to be the worst film of the year have a part for Linday “Whore Baby” Lohan, involving her substance (milk) abuse problem.
Sanclemente Valencia
Have you been looking to jump ship but not yet found a shop well-suited to your needs and interests? Have you considered becoming a “model-mule”? It’s a booming field and you should get in when there are still openings available.
Sexy and daring women are appearing on most-wanted lists in the United States, Mexico and Colombia or are awaiting trial on charges of trafficking large quantities of cocaine. In some cases, these were women leading a lives of luxury and tranquility who suddenly found themselves forced to assume the day-to-day tasks of a narcotrafficking organization after the deaths or arrests of their husbands or brothers.
In other instances, the women gradually earned the respect of drug traffickers, often after showing an aptitude for financial management and money laundering, a former Colombian drug lord explained.
Sock it to me. Your respect, that is.
Distressed debt investor Lynn Tilton recently participated in a podcast for NPR. Early in the interview she was asked “What are you wearing?” to which the Patriarch Partners founder responded, “A Cavalli top, a Versace belt, a Gucci skirt and Prada boots– 4 inches. I need to look sufficiently fierce to make sure I garner the respect I deserve,” she explained. Sure, makes sense, and is in fact the tactic used by many of Wall Streets most esteemed investors, though they all like to put their own spin on it (Carl Icahn wears a cat o’ nine tails as a belt, while Julian Robertson used to take all meetings wearing a full Dominatrix Nurse Costume). Later on, when discussing a tassel company she owns, she said her inspiration for a line of “Tassel Me” belts came from “fond memories of what I had once done with tassels.” Some of you may know what she’s talking about! For those not lucky enough to be a Christmas card-receiving client of Lynn’s when she was a salesgirl at AMROC, circa 1989, let’s get you up to speed. Read more »
Last week, former Goldman Sachs employee Charlotte Hannah sued the bank for treating her “like a second-class citizen” due to the fact that growing life inside her body had taken precedence over making it rain. She probably doesn’t have much of a case, as Goldman has always been very upfront about the fact that unless they’re actively helping front-run clients, fetuses are not welcome in the building. ButDorly Hazan-Amir, an associate in Citigroup’s asset finance division and fellow mommy, may actually have a shot. She’s suing Citi on the grounds that “supervisors have discriminated against her because of here gender since the beginning of her tenure” and that when she became pregnant, “the attitude of her bosses reportedly worsened,” with one manager asking H-A if she planned to be a “career mom” or a “mom mom.” Oh, and this: Read more »
How Lou Lucido Let AIG Lose $35 Billion With Goldman Sachs CDOs (Bloomberg)
Jeffrey Gundlach is involved, natch.
3 Women Sue Bank of America and Merrill Lynch Over Bias (AP)
The suit, filed in United States District Court in Brooklyn, accused Bank of America and Merrill Lynch of giving male counterparts of the three employees bigger bonuses and better opportunities. The women also said that the companies sought to punish them when they complained about perceived inequalities. One claimed that after she protested, she was verbally reprimanded and ordered to seek preapproval when filing expense reports for business lunches, something men never had to do.
The Man in the Gray Flannel Suit Needs a Hankie (NYO)
Ridgewood’s Men in Transition group is for men who have been laid off from their high-paying Manhattan jobs in business and finance. No women allowed!
Pssst: Wall Street Is Hiring Again (Time)
Among experienced bankers, Goldstein says those who work with clients in the energy and healthcare sectors have the best chance of snagging a job. Many firms are betting those sectors recover first. But top to bottom, financial firms are significantly adding new staff for the first time since the fiscal crisis. Big, guaranteed paychecks are back as well.
Corker Says He Can’t Back Current Financial Overhaul (WSJ)
“I couldn’t support the bill in its current form,” Mr. Corker said in an interview with The Wall Street Journal. “I am absolutely not throwing in the towel. I have no plans to support the current legislation. I hope we’ll get back to the negotiating table.”
Afghanistan now world’s top cannabis source (Reuters)
Long the world’s largest producer of opium, the raw ingredient of heroin, Afghanistan has now become the top supplier of cannabis, with large-scale cultivation in half of its provinces, the United Nations said on Wednesday. Read more »
$$$ Insider-Trading Case to Test SEC Reach [WSJ]
$$$ Hedge-Fund Returns Are Being Dragged Down by `Hidden Bias’: Chart of Day [Bloomberg]
$$$ Donald Trump Calls His Kids On Christmas [DI]
$$$ Is There a Chocolate “Conspiracy“? [TBM via Heidi Moore]
