January 2011

  • News

    Bonus Watch ’11: JPMorgan Seems To Be Sending Some Groups A Hint (UPDATE)

    Like seek a job where you get paid?

    / Jan 19, 2011 at 10:25 AM
  • News

    Opening Bell: 01.19.11

    Goldman Sachs’s Earnings Drop 52%, Matching Estimates (Bloomberg) Fourth-quarter net income fell to $2.39 billion, or $3.79 a share, in the three months ended Dec. 31, from $4.95 billion, or $8.20, a year earlier, the New York-based company said today in a statement. Estimates of 22 analysts surveyed by Bloomberg averaged $3.79 per share, and […]

    / Jan 19, 2011 at 9:23 AM
  • News

    Write-Offs: 01.18.11

    $$$ AIG has selected four banks as underwriters for its “re-IPO”— Bank of America, Goldman Sachs, Deutsche Bank, JPMorgan [CNBC] $$$ SEC keeping close tabs on BofA’s WikiLeaks situation [FBN] $$$ JPMorgan Refunds $2 Million to Military Families for Mortgages [Bloomberg] $$$ Money mogul makes princess his Swede-heart [NYP] $$$ Top hedge funds that own […]

    / Jan 18, 2011 at 5:45 PM
  • News

    Do Steve Jobs’ Health Issues Matter?

    Goldman Sachs says not really.

    / Jan 18, 2011 at 3:35 PM
  • News

    Fat Finger Safeguards Makes For Less Exciting Afternoon

    …than one jolly individual was hoping for.

    / Jan 18, 2011 at 2:43 PM
  • News

    Blackstone Is Now On Twitter

    The account will presumably be used more as a way to communicate relevant business information to the media and investors than keeping us abreast of role-playing night at Chez Schwarzman but perhaps whoever is operating this thing will make the wise decision to give the people what they want. [Twitter via Dealbook]

    / Jan 18, 2011 at 2:13 PM
  • News

    Lenny Dykstra Denies Bouncing Check To Hooker

    Late last month, via a video confessional shot in her bedroom, a hooker named Monica Foster accused Lenny Dykstra of ruining Christmas. According to Foster, Nails did so by paying her for services rendered with a bad check, leaving her bank account in the negative, meaning no funds for presents. Today Nails has vehemently denied […]

    / Jan 18, 2011 at 1:53 PM
  • News

    Bonus Watch ’11: JPMorgan

    Numbers out today.

    / Jan 18, 2011 at 1:12 PM
  • News

    DE Shaw Not Really Feeling Barclays

    The hedge fund has taken a £100m short position in the bank.

    / Jan 18, 2011 at 1:05 PM
  • News

    Economist: Poor, Middle-Class People Not Exactly Pulling Their Weight When It Comes To Spending

    There’s an old saying that goes “Poors- what are they good for? [sing this part] Absolutely nothin’!” Slightly clichéd though not necessarily untrue. Take the economy. Are the poor and middle class, many without jobs and/or disposable income, doing their part to stimulate the damn thing? No, not really. As always, the rich people have […]

    / Jan 18, 2011 at 1:00 PM
  • News

    Wall Street Needs Fresh Ideas To Compete With Tech Firms For Talent

    In a few short months, the next crop of college grads will enter the workforce and this year more than ever, many a bright young thing who would potentially be attracted to a job in the financial industry will be lured out West to a “name-brand organization” like Google or Facebook, that their parents’ friends […]

    / Jan 18, 2011 at 11:55 AM
  • News

    UBS’s Tips On How To Succeed In Business For Russia-Based Bankers Involve Stripping, Sweating

    A handbook for the bank’s trainees gives a country-by-country behavior guide. In Russia, it tells employees to be prepared to hold your drink at business engagements and to “never reject an invitation to the sauna.” [AP]

    / Jan 18, 2011 at 10:53 AM
  • News

    Charlie Gasparino Wants Meredith Whitney To Open Her Books

    As you may have heard, Meredith Whitney has lately been saying that we’re going to be looking at the scariest environment imaginable when as many as 50 to 100 cities and other municipal issuers will supposedly default on their debt this year. Charlie Gasparino, however, is suspect. No one he knows has seen a copy […]

    / Jan 18, 2011 at 10:15 AM
  • News

    Goldman Sachs Needs A New FX Sales Co-Head

    Kevin Connors, co-head of global G10 FX sales, is “leaving” the bank following “a breach of internal compliance procedures.” [Bloomberg]

    / Jan 18, 2011 at 10:12 AM
  • News

    UBS May Allow Bankers To Don Red Underwear, Eat Garlic

    Last month, UBS issued a 44-page set of style commandments for its client-facing employees that included wearing flesh-colored undergarments (never anything red or otherwise flashy), not eating garlic (or anything else that might cause breath issues), how to tie a tie, how to apply make-up, what kind of cologne and perfume to use, a strong […]

    / Jan 18, 2011 at 10:02 AM
  • News

    Opening Bell: 01.18.11

    Citigroup Swings To Fourth Quarter Profit (MarketWatch) Citi said this morning that it earned a $1.31 billion, or 4 cents a share profit in its fourth quarter, compared to a loss of $7.58 billion, or 33 cents a share a year ago. Total revenues in the fourth quarter were $18.37 billion, compared to $5.41 billion […]

    / Jan 18, 2011 at 8:36 AM
  • News

    Write-Offs: 01.14.11

    $$$ PIMCO Cuts US Holdings, Sees Outflows [WSJ] $$$ El-Erian: ‘Exciting Time‘ for Investors Despite Debt Issues [CNBC] $$$ Programming note: we’ll be off for the holiday, enjoy the long weekend and see you Tuesday!

    / Jan 14, 2011 at 4:30 PM
  • News

    Vincent McCrudden’s Unique Way Of Interacting With People Not Just Reserved For Mary Schapiro, Other Regulators

    According to McCrudden’s broker registration form, the guy who would go on to accuse CFTC officials of being “corrupt midget mother fuckers” and threaten to murder them also had some issues with colleagues prior to starting his own firm.

    / Jan 14, 2011 at 3:19 PM

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