July 2010

  • News

    Write-Offs: 07.21.10

    $$$ How Morgan Stanley Bucked A Trend In Trading [Dealbook] $$$ Bernanke Sees No Quick End to High Rate of Joblessness [NYT]

    / Jul 21, 2010 at 6:04 PM
  • News

    Jamie Dimon Has Impeccable Taste In Art

    A breathtaking portrait hanging in JD’s yet-to-be-sold Chicago home. [Luxist]

    / Jul 21, 2010 at 4:51 PM
  • News

    Obama Really Giving It To Wall Street

    So Obama and Wall Street, who once had a love that not only did not dare not speak its name but rather shouted it from the roof of the NYSE and decided one night to get each others’ initials tattooed to their asses, apparently now “hate” each other. Supposedly the President doesn’t think Wall Street […]

    / Jul 21, 2010 at 3:57 PM
  • News

    Prop Cuts Going Down Circa Now At JPMorgan?

    The House of Dimon has allegedly begun “swinging the ax on prop traders, starting with energy group” with “around 40 people gone so far.”

    / Jul 21, 2010 at 3:31 PM
  • News

    Just An FYI: “There will be no more taxpayer-funded bailouts. Period.”

    You’ve been warned. (This is presumably why Vikula’s attendance at the signing was mandatory– people familiar with the matter wanted to make sure he couldn’t say he never got the memo.) [WSJ]

    / Jul 21, 2010 at 2:08 PM
  • News

    Unfounded Rumor Of The Afternoon: Man Group Bleeding Assets And People?

    From the mailbag: FYI, in the aftermath of the GLG buy, things are not good inside Man Group.

    / Jul 21, 2010 at 1:38 PM
  • News

    Reader Poll: “It Moved” Guy Has A Question

    Gang, I need your help with something. Earlier this morning, I was informed of the following: “I just had coffee with someone who can’t get a job because of an article you wrote.” Now, despite what you may think, I have many sensitive bones in my body. If I were actually directly responsible for someone […]

    / Jul 21, 2010 at 1:12 PM
  • News

    Al Gore Wins!

    In this case the Big Al we’re referring to is Al Gore III, son of the former vice-president, and participant in last night’s charity boxing event. The Strategic Capital Partners employee battled a guy whose nickname is “The Carnivore,” (real name: Ken Cunningham, of Oppenheimer) for three rounds, ending in a TKO. They’re captured here […]

    / Jul 21, 2010 at 12:59 PM
  • News

    Tools Of The Trade: Some Fresh Beats

    Is your boss the type to JUST BLATHER ON as though anyone gives a shit re: what he has to say because what? His name/initials are on the door? As you can’t very well just get up and leave or whip out the wrap it up box, you’re probably looking for new and inventive ways […]

    / Jul 21, 2010 at 12:29 PM
  • News

    Caption Contest Wednesday

    Kurt Russell and Maria Bartiromo talk shop while Goldie Hawn wanders the room. [NYSD]

    / Jul 21, 2010 at 11:01 AM
  • News

    Jeffrey Epstein Is A Free Man

    The massage enthusiast’s year-long house arrest has come to an end today (it was preceded by jail time), The Daily Beast informs us with the no-frills headline “Billionaire Pedophile Goes Free.” What will Epstein do with his freedom? Will he head to Dubai, as has been suggested? Will he make the trip out to Beamers, […]

    / Jul 21, 2010 at 10:40 AM
  • News

    Attention Men Of A Certain Net-Worth Out East: Cheryl Mercuris Is Looking To Date And Mate

    Cheryl Mercuris, of the Tampa Bay Mercurises, is a recently divorced mother who you can find out in the Hamptons for the next two weeks. She’s looking for a new husband, and lest you think she’s not serious about this task, Mercuris has made a sizable investment in her future, by renting out a home […]

    / Jul 21, 2010 at 10:22 AM
  • News

    Opening Bell: 07.21.10

    Morgan Stanley Swings To Second Quarter Profit (MarketWatch) The bank said earnings for the quarter came in at $1.58 billion, or $1.09 a share, compared to a loss of $1.26 billion, or $1.10 a share, in the year-ago period. On an adjusted basis, profit in the latest quarter was $1.44 billion, or 80 cents a […]

    / Jul 21, 2010 at 9:30 AM
  • News

    Write-Offs: 07.20.10

    $$$ Matthew Goldstein: “Jason Ader, a former hot-shot casino industry analyst turned wealthy hedge fund manager, is rolling the dice, hoping to become a community banker in Las Vegas.” [Reuters] $$$ The Perfect M&A Resume [FINS] $$$ Fannie Mae Employees Received 153 VIP Loans [WSJ] $$$ Playboy Launches New Safe For Work Website, Which Reportedly […]

    / Jul 20, 2010 at 6:07 PM
  • News

    Vikram Pandit’s Social Calendar Totally Open To Attend Obama’s Financial Reg Signing

    Jamie and Lloyd weren’t invited (not that they’d slum it at something like this anyway), and James Gorman, Robert Wolf, Brian Moynihan and Bob Diamond declined to attend having other plans but Vikram will be there, Mr. President! With bells on!

    / Jul 20, 2010 at 6:00 PM
  • News

    Former UK Banker, Ashmed Of Past Life, Finds Meaning In Dressing Up As Pirate

    Gordon Dickson was once Bank of Scotland’s risk officer. His career spanned several decades and made him a nice chunk of money. Then the crisis happened, the shares he’d bought over thirty years collapsed, he fell into a depression and declared he wanted nothing to do with this godforsaken industry. But he needed to find […]

    / Jul 20, 2010 at 3:13 PM
  • News

    Kenneth Feinberg To Inform Banks Whether Or Not He’ll Be Going After 2008’s Bonuses By The End Of The Week

    According to Charlie Gasparino, execs at Goldman Sachs, JPMorgan, Morgan Stanley, Bank of America and Citi should gird their loins for the Compensation Cop to either announce that he’ll be clawing back their hard earned bonuses or to admit that he was just messing around, though they should really have seen the looks on their […]

    / Jul 20, 2010 at 2:50 PM
  • News

    A Bunch Of Wall Street Professionals Will Be Smashing Each Other’s Faces In For Your Entertainment (Charity As Well) This Evening

    Tonight is the annual Corporate Challenge Boxing tournament, and beyond the fact that the event is for charity, $55 seems like a pretty reasonable fee to be at least mildly amused at the sight of your “colleagues” taking to the ring. Some of the participants include the son of a former Vice-President and a couple […]

    / Jul 20, 2010 at 12:20 PM
  • News

    Unfounded Rumor Of The Afternoon: Cuts A-Comin’ At Credit Suisse?

    Prop trading at Credit Suisse plans to cut around 30% of traders in the near term.

    / Jul 20, 2010 at 12:00 PM
  • News

    What Are You Doing, Lloyd? Are You Scratching?

    Chicken pox outbreak at first day of GS training yesterday. New trainee sent home sick, announcement made to analyst class that chickenpox was the cause and they should come forward with any signs of illness to prevent further infection.

    / Jul 20, 2010 at 11:18 AM
  • News

    Here Are Some Current IR Girls And Someone Who’d Like To Become One With Your Help

    This is the list of IR ladies. Read it and let us know what you think, but in doing so, try not to be so much, what’s the word? Like yourselves.

    / Jul 20, 2010 at 10:38 AM
  • News

    Opening Bell: 07.20.10

    Goldman Sachs Reports 2010 Second Quarter Earnings Per Common Share of $0.78. Excluding the Impact of the U.K. Bank Payroll Tax and the SEC Settlement, Earnings Per Common Share were $2.75. (GS) Revenue of $8.84 billion, conference call at 11am. Fabrice Tourre Denies Charges (WSJ) The 31-year-old Goldman vice president, in a court filing late […]

    / Jul 20, 2010 at 8:30 AM
  • News

    Write-Offs: 07.19.10

    $$$ With a sharp wit and a sharper tongue, Mr. Hendry, a plain-spoken Scot, has positioned himself as the public contrarian thinker of this city’s very private hedge fund community. The euro? It’s finished, Mr. Hendry proclaims. China? Headed for a fall. President Obama? “If there was a way to short Obama, I would,” Mr. […]

    / Jul 19, 2010 at 5:30 PM

Our Sites

  • Above the Law
  • How Appealing
  • ATL Redline
  • Breaking Defense
  • Breaking Energy
  • Breaking Gov
  • Dealbreaker
  • Fashonista