Archive for June 2011

  • 24 Jun 2011 at 3:19 PM

JPMorgan Summer Intern Class Includes Swiss Model

Elite model Xenia Tchoumitcheva is apparently a summer intern at JPMorgan in the graduate program for sales and trading…Apparently this isn’t her first finance internship. She previously interned at Merrill Lynch and the London hedgefund Duet Group, according to her website. She is also spokesmodel for Audi, Burger King, Visilab Sunglasses, and Casino Lugano according to her web site. Tchoumitcheva graduated with a degree in economics. She speaks five different languages. She was also 1st runner up in Miss Switzerland in 2006. [NetNet via BI] Read more »

  • 24 Jun 2011 at 3:03 PM

Geithner: Softness Only Temporary

“Around two-thirds of recent softness in the U.S. economy can be attributed to temporary factors such as higher energy costs and Japan’s earthquake,” Treasury Secretary Timothy Geithner told CNBC on Friday. “Most people say you can attribute about two thirds of the slow down relative to expectations to those factors. Not all of it,” he said. [CNBC]

  • 24 Jun 2011 at 2:33 PM

Colossal Cupcake Gets The Better Of Citi Trader

On several occasions around these parts, we’ve had discussions about what constitutes a worthy food eating challenge. And, more to the point, what constitutes a food eating challenge worth covering. To understand our position, one must know the history of our writing about The Food Eating Challenge (FEC), which began with a trader named Ian AKA Oyster Boy, who, in the summer of 2007, bet that he could consume 144 oysters in one hour at Ulysses. He completed the task at hand in a mere 15 minutes and then, ate 100 more in the remaining 45 minutes (which the staff had to bring in from next door, as they’d run out after the first leg). The gauntlet had been thrown down. And while a good number of you set out to perform feats of gastrointestinal fortitude that were imaginative, topical and, most importantly somewhat difficult, some thought that endeavoring to consume 8 vending machine items in 12 hours could be considered a challenge. After a while, we stated that such combinations of quantity + time would not be chronicled on our watch, in order to save yourselves (and ourselves) the embarrassment (first and second hand) of not only thinking that what amounts to a snack could be considered something someone would have a hard time completing but the shame of not even finishing it, which happened more than once.

Which brings us to a FEC that occurred earlier today at Citigroup, the merits of which are currently being hotly debated. Read more »

Not really enough to get upset or even mildly perturbed over, though in a letter to investors today re: the Chinese company, Paulson did note that “as the largest investors in the Paulson Advantage strategy,” the disappointment in the lack of trees is shared by the Paulson partners. Read more »

Critics also felt that [Portland Timbers owner] Merritt Paulson was heavy-handed in his dealings with the financially strapped city, which ultimately agreed to pay for about a third of the cost of the renovating the stadium, using money from ticket taxes and parking receipts at entertainment facilities, like the Rose Garden, home to the N.B.A. Trail Blazers, in Portland. “Why the Paulson family needed public money is beside me,” said Jack Bogdanski, a professor of tax law at Lewis and Clark College. “He came into town highly suspect in my book.” Others say the money was not well spent because, despite the renovation and M.L.S. guidelines for stadiums, the seats are still too narrow, the concourse cramped and the number of bathrooms inadequate. [NYT]

Go on, try. You can’t, can you? Read more »

A couple weeks back, an 8-foot long, 160-pound mountain lion started hanging around Greenwich, Connecticut and its nearby towns. News stations noted that a cat that size hasn’t been seen in those parts in 100 years; residents and people who work in the area were more than a little freaked the fuck out. Now testing of evidence found last week has revealed everyone should be doubly worried. Read more »

  • 24 Jun 2011 at 11:23 AM

Royal Bank Of Citadel Doing Alright In Europe!

Citadel Securities (Europe) “saw its profits rise 7% to US$6 million last year, the firm said in a regulatory filing. The unit said it planned to expand its equities execution services for external clients this year, while it also is developing a retail broker execution business which aims to generate trading income using algorithms. The unit said it expects similar levels of trading revenue and profitability in 2011.” [FINalternatives]