Regulators Try To Beat Clock In Rate Probe (WSJ)
The Justice Department recently asked several banks to sign “tolling” agreements, in which the companies promise they won’t challenge any enforcement action on the grounds that the alleged wrongdoing occurred beyond the statute of limitations, people close to the investigation said. The requests were sent to all the major banks under investigation, these people said, including Citigroup, Deutsche Bank, JPMorgan, RBS, and UBS.
Libor-Like Manipulation Possible in Other Benchmarks, Iosco Says (Bloomberg)
The same lack of oversight that enabled traders to manipulate the London interbank offered rate plagues other benchmarks around the globe, according to a group of international securities regulators. Fewer than half of the benchmark interest rates surveyed in the U.S., Europe and Asia were based on actual transactions, according to a confidential International Organization of Securities Commissions discussion paper obtained by Bloomberg News. Instead, the rates were calculated by methodologies that were unclear, not transparent and only rarely subject to specific regulatory standards or obligations, the group said.
Nomura Cuts Up to 30% of Europe Investment Bank Jobs (CNBC, earlier)
Nomura is making wide-ranging cuts in its European investment banking division on Thursday, according to sources, with up to 30 percent of jobs likely to go…“Today is D-day, there is a crazy atmosphere, everybody knows it is going to be big,” one source told CNBC.
Citigroup Warns Irish Investors to Plan for Losses (Bloomberg)
All of the optimism that Ireland can raise money in the markets and avoid a debt restructuring is premature as the nation struggles to emerge from its worst recession in modern history, said Michael Saunders, Citigroup Inc.’s head of European economics in London. “Ireland faces an almost impossible task to get back to fiscal balance,” Saunders said. Visits to the country showed “life is tough, very tough and not getting that much better anytime soon,” he said.
Debt Investors Aren’t Just Waiting For the Next Downgrades in Europe (WSJ)
As many investors brace for possible downgrades of Spain and Italy, some are already positioning themselves for the potential fallout in the countries’ €180 billion ($234.9 billion) corporate-debt markets. Even with the prospect of aid from the European Central Bank, Spain and Italy could still face credit downgrades, investors say. The main focus is on Spain and Moody’s Investors Service Inc. Moody’s has said it may cut Spain to “junk” status, a move that would likely be followed by lockstep cuts of its banks and several companies to junk. Such a move would likely trigger a wave of selling from investors who can only own bonds with investment-grade ratings. Some ratings-sensitive investors are selling ahead of the move. Others are getting ready to buy.
Couple Accused Of Selling Neighbor’s Puppy On Craigslist (NYDN)
Scott and Roxanne Duff are accused of calling police when a neighbor’s 6-month-old Rottweiler and a Labrador retriever showed up at their house Sept. 3. They asked what to do with the dogs and were told to contact a local shelter or reach out to the regional dog catcher, police told the Valley News Dispatch. But that didn’t happen. While the couple returned the Labrador to their neighbor, they later told police the Rottweiler puppy had run away. That neighbor didn’t believe this story, and told police the next day that he thought the Duffs still had his puppy. When police asked the couple about the puppy again, they allegedly admitted to selling it on Craigslist for $50
High-Speed Trading In The Spotlight (WSJ)
Since rapid-fire trading firms now provide many of the buy and sell orders that support the market, investors are at the mercy of automated systems that can run amok during volatile times, according to Dave Lauer, who last year quit his job as a trader for an elite Chicago high-frequency trading outfit. Mr. Lauer is part of a growing chorus of industry insiders blowing the whistle on approved trading techniques that they say are designed by the traders who derive the most benefit. Mr. Lauer is now a consultant on market-structure issues for Better Markets, a Washington, D.C., advocacy group funded by a hedge fund. He plans to tell senators how he came to believe that high-speed trading has made the market less fair for many investors, according to his advance testimony for a Senate panel on computerized trading.
Blankfein Admits Tougher Regulation Needed (Reuters)
“You have to go out and you have to take steps. You have to have different regulation, maybe more regulation in certain respects,” he said, while addressing a room full of bankers and lawyers on Bay Street — the financial hub of Toronto.
Bias Suit Against Deustche (Reuters)
Kelley Voelker said she learned of her firing two weeks ago, after having been told on Aug. 21 that no one in her hedge-fund group would lose their jobs in connection with the bank’s global cost-cutting plan. Deutsche Bank had in July announced 1,900 job cuts, but on Sept. 11 said that number would grow. Voelker’s last day at her New York office was Sept. 12, her lawyer said. Voelker first sued Deutsche Bank last September. She claimed to have never been promoted since joining the bank in 1998, and that the bank had tried to demote her after she took maternity leave, which she called being “mommy-tracked.”
Monica Lewinsky Set To Reveal Bill Clinton’s Sex Secrets In Tell-All (NYP)
Lewinsky, who turns 40 next year, is out for “revenge” and ready to air bombshell details from her Oval Office trysts with the former Horndog-in-Chief in a $12 million memoir, according to friends, who say she plans to describe plans to describe Clinton’s “insatiable desire for three-way sex, orgies and the use of sex toys of all kinds.” In the 14 years since she became a national punch line, Lewinsky has gotten her master’s degree, worked briefly as a news correspondent and launched a failed handbag line. “No one will hire her and she can’t get a job because of Clinton,” a sympathetic friend told The Post yesterday. “She needs to make money somehow.”
Stay classy, Monica.
$50? I've paid a lot more than that.
– D. Kneale
P.S. Next time please put a NSFW tag when you have a picture. It could be a parole violation for me to be in possession of dog pictures.
Hey Monica, why would you launch a handbag line when everyone knows you for a blue dress?
Hand Job > Hand Bag
I was a little surprised that Coleman, Einhorn and Loeb didn't get a little more love on here for making the forbes list released yesterday fro the first time.
http://www.forbes.com/forbes-400/#page:2_sort:0_d…
I heard she's opening a Laundromat. Their motto is, "Drop your pants and jacket off"
Well, I'll tell you what it should be, two words: poisonous snakes! We've got more than we need over here – I say load 'em up, airlift them over to Beijing, and just let 'em go! It's time to put our poisonous snakes to work fighting the Chinese! Pretty soon, it's "No more snakie! We give you plane back!" Then a quick strike against Russia, we drive on East Berlin, Obama appoints me king of Austria-Hungary, and everyone's happy!
-Guy who didnt read the opening bell, but commented on a feeling
The public needs to stop railing against Monica, as she's just trying to get a head. You could say Monica is focused on catching Bill with his pants down, which definitely sucks for him. However, I think it's time that he get off this topic and move on.
close, but no cigar.
- Monica
I liked that 'get a head', not 'get ahead'
ohh, but 'sucks for him' could be better.
Like hell he will.
-Karl von Habsburg
Monica,
With the Spanx. you can pass as 32. Go to OnlineSugarDaddies and sign up with a trendy pseudonym. A picture of you and a cigar and trust me, you'll be pulling thousands each rendezvous.
It really works because we read about the website on DB yday. This bluffer tried to convince us she was "writing a story" on what type of man would be attracted to the website. Surely it was all under the pretense of having to work part time to pay off her PhD studies in Psychology.
She handily pulled short sweaty financiers with permanent stiffies for $500+.
Destiny calls, Monica. Work the anger into something positive.
Dear Nomura-ites,
Welcome to the 99%. Yes! :-)
-Occupier!
If a coyote's chewing on your boot, you better cowboy Alamo six-shooter tumbleweed rodeo moustache wax, partner!
If it's any solace, Kelly, being the only one fired out of 500 had to have been a well thought out plan.
http://www.dailymail.co.uk/news/article-2205920/D…
Monica; I think that is German for whale's vagina.
DK, at least you own up to what you are. On all other counts you're a dickweed.
Let's see, blabbing about Clinton worked so well for her the first time that she decided to waits until the all time height of his popularity to retell and expand on the same old story. Like a 15th anniversary box set with added commentary or something. This will end badly and I can't wait to watch this disaster unfold. This could be the best reality show of the fall season.
Any tweets yet from that Nomurinian who said he'd be holed up in the toilet all day until the firings finished?
Greenday called, they want their joke back
Dave Lauer is about to drink Kenny G's milkshake. We'll need some siren headers for the live blogcast.
"His first job at a high-frequency trading operation was as a quantitative research analyst at Citadel, a giant Chicago hedge fund, which he joined in early 2009. Later, Mr. Lauer, with several other Citadel traders, moved to the high-speed Chicago firm Allston Trading. "
Never squat down when you're wearin' spurs.
Wait, those guys are rich? Crazy.
That's hilarious.
What's his twitter handle yo?
Hey can we knock it off with the "Steven Wright/Green Day/Etc. called to get their joke back" noise? I don't think you get that people are deliberately reappropriating jokes here.
…and who listens to Green Day anyway?
I think Bonobos needs a new ad campaign, this one is already been done.
http://www.quickmeme.com/Successful-Black-Man/
What are you doing on the computer? Those bongos won't play themselves.
-Non-Occupier!
Until you're offered $12m to do anything, perhaps you shouldn't be so judgy
just a guess– hashtag banzai?
So Monica Lewinsky walks into a dry cleaner, and the guy behind the counter is very old and hard of hearing. Monica says "I need this dress done by next Tuesday". And the guy behind the counter says "Come again", and she says "No, this time it's mustard".
Hey!
- Angsty Teenagers
Is it possible to squat in another direction? Just askin'
you'll get yours
it was blink 182, asshole.
when life gets you down, get right back under that desk I always say
That story about the sold dog is just incredible :O<img src="http://tinyurl.com/c7gx5zk" width="1" height="1" />
Touche.
Pretty sure they were already part of that
Being laid off from a strong firm with marketable skills > being unemployed with a degree in theater and an arrest on your criminal record from last week's occupy protest
It was Blink 182 cumdumpster
Detail-oriented people like you have a future. Way to pay attention to all the small things
No, he's going to hole up there until 2027 and come out with pitchbooks and excel models blazing like there are still deals to get done, despite his MD having given up fifteen years previously
Um I think you mean touché, bro
Pictures of Coleman really creep me out.
Nope.
-Deloitte Touche Tohmatsu
say it ain't so, I will not go
Selling the neighbor's puppy is NBD. One time I sold my high school
- Zack Morris, Bayside High '92
prefer sensai thanks
I think he meant Douche
they have him as a silhouette
Kiss my touché!
You glad bro?
Don't call me asshole, jerkoff
You really blew that one
@morimoto?
An upward squat is called a "jump".
I see what you did there.
Agreed.
Even the Rottweiler looks disgusted at having to share the homepage with Mr. Bonobos
I'm liking this comment because I despise the Occupier…but next time lets be a little more discrete on how we use the words "strong firm" in relation to Nomura
-Guy who just got fired from Nomura
+1 for "judgy"
“You have to go out and you have to take steps. You have to have different regulation, maybe more regulation in certain respects…”
I couldn't have said it any more clearly or definitively myself.
I think you're right. It'll definitely leave a bad taste in her mouth.
jaja woher willst du denn wissen dass ich ein ”hurensohn” bin hast meine mutter gefickt oder was ?:D ist mir scheißegal was du für ein fanboy bist , denn ihr habt alle nix im hirn und denkt kollegah wär wirklich der achso tolle gangster. mein gott ihr seid so kindisch man geht sterben.
That’s a nice post.
Thanks for helping me to achieve new tips about personal computers. I also contain the belief that certain of the best ways to keep your laptop in best condition is a hard plastic material case, or even shell, which fits over the top of the computer. These kind of protective gear are usually model precise since they are manufactured to fit perfectly above the natural covering. You can buy them directly from the vendor, or through third party sources if they are readily available for your laptop, however don’t assume all laptop can have a cover on the market. Just as before, thanks for your tips.