JPMorgan Tops Goldman in Investment Banking as Fees Swell 13% (Bloomberg)
The world’s No. 1 investment bank in 2009 was JPMorgan, which took in $4.97 billion, a 16 percent increase over 2008, when it was also the leader. JPMorgan was also No. 1 in fees from equity and debt sales. Goldman Sachs was No. 2 in total fees and No. 1 in mergers and acquisitions, having advised Schering-Plough Corp. on its completed $47 billion sale to Merck & Co., among other transactions.
White House Offers Bill to Restrict Big Banks’ Actions (NYT)
Goldman Sachs and Morgan Stanley would probably be the Wall Street firms most affected by the ban, known informally as the Volcker Rule, but they might be able to shed their status as bank holding companies, to avoid some of the restrictions.
Traders Seek Out the Next Greece in an Ailing Europe (NYT)
In a statement, Michael Vachon, a spokesman for Soros Fund Management, denied any wrongdoing and said, “It has become commonplace to direct attention toward George Soros whenever currency markets are in the news.”
State Street Pays Departing CEO $5.4 Million Cash (Reuters)
Congratulations, Ronald Logue.
Wells Fargo Chief Earns $21 Million (Reuters)
John Stumpf did pretty okay for himself, too. (Are you seething inside, Lloyd?)
Pandit to Offer Thanks for Government Bailout (Dealbook)
“This investment built a bridge over the crisis to a sound footing on the other side, and it came from the American people,” Mr. Pandit said in his prepared remarks for today’s hearing on Capitol Hill. “Citi owes a large debt of gratitude to American taxpayers.”
Madoff Investors Can’t Sue UBS (WSJ)
Although they see it otherwise: Lawyer François Brouxel, who represents 70 clients bringing claims against UBS and E&Y, four of them part of the test case, said he will appeal. “The fact that we have lost, it’s always disappointing but the fight is not yet closed,” he said
AIG ‘Still Exposed’ Amid Losses From Mortgage Insurer, Lender (Bloomberg)
“There’s a variety of different ways AIG is still exposed to the trends in housing finance,” said Bill Bergman, an analyst at Morningstar Inc. in Chicago. “Those trends are improving, but it’s still a meaningful amount to lose.”
Here Are Some Thoughts On Men And Wall Street
Jerk Running Ferry To Fire Island Not Up On The Celebs Of Financial Reform
UBS sucks.
if you don’t like it you can stumpf it
@1: Your dedication to the cause is an inspiration to us all.
crossing fingers for a red name
@2 pretty good
@naked- you only get the red name if you put a url in. why don’t you just stick throatgaggers.com in the ‘website’ field and be done with it?
you have to link a website to get the red name
@6 testing throatgaggers.com
red names are for shorts. naked, get yourself a red name.
Matt Creamer cannot be a real name.
I see Nick Scholl is in charge of Web. Should we direct complaints to him?
@NS – are you trying to get IT after me!
Would you like to make some naked fuck, BERSERKER!
@12 that my friend is an excellent reference
@cluzo fine I changed it to dvda.com
I love Mr. Mister!
I’d visit throat gaggers Naked Short.
-PJ
Red name. Boom done.
carry eh a laser down the road that i must travel! carry eh a laser down the highway in the nighhht!
pucker up pandito
pucker up pandito
@ass_ociate – damn son, that ain’t right!
-forehead slapper
I love that song!
BERSERKER is the new killing it!
This website linking business opens up a whole new level of comedy potential
Better Red, than dead!
tax chicky – well played, for some reason that seems very fitting.
Cluzo – this web linking business is like discovering a closet full of shoes I didn’t know I owned. I feel like changing my link every new thread. This could be a problem. Too bad we can’t change the color of our name to reflect a new link.
I want blue
Mic check…
siciliantranny.com
cg
@tax chicky – well said. I feel like I should change mine the same way some people change their FB picture.
Is there a DB iPhone App yet?
Red Test? Bueller?
@30 I downloaded one last night but there is nothing on it
@cluzo, thanks! I’m trying to get investigated by the SEC.
And if anyone at BreakingMedia is watching, please make an iPhone app. Also, we should get push notifications when someone comments on a thread we commented on. Just putting it out there; it’d work on BBerries too.