Write-Offs: 09.06.12

$$$ JPMorgan Said To Face Escalating Senate Probe Of CIO Loss [Bloomberg]

$$$ J.P. Morgan Names New Chief Investment Officer [Deal Journal]

$$$ Banks now like to do quarterly calls with bondholders [WSJ]

$$$ Some people still like big banks [Bloomberg]

$$$ FINRA is suing a test-prep firm for taking Series 7, etc., exams 64 times, failing 52 of those times, and memorizing the questions to tell their students [Reuters; the complaint is also amusing]

$$$ [Harvard] Economics concentrator Ali E. Evans ’13 received his [Harvard Business School] acceptance email on Wednesday while sitting in class next to his roommates. He said he celebrated silently and texted his parents. Evans said he has visited classes at the Business School with his tutors at Kirkland House since sophomore year. “Leading my own company one day is definitely a goal of mine, and so business school definitely fits in with that plan,” he said. [Crimson]

$$$ Pimco is looking for a diversity & inclusion coordinator in Newport Beach [DBCC]

$$$ Qatar Imperils Big Merger of Commodity Companies [DealBook]

$$$ There’s a new Kindle Fire and it’s cheaper [WSJ]

$$$ Citigroup, Goldman, UBS Sued Over Mortgage-Backed Bonds [Bloomberg]

$$$ Goldman must face mortgage debt claims – 2nd Circuit [Reuters]

$$$ European political leader says “Some fans of group sex say that it’s better than one-on-one because, as with any collective work, you can skive off,” is not Silvio Berlusconi [Telegraph]

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Comments (9)

  1. Posted by Puck It | September 6, 2012 at 7:44 PM

    Big butts > big banks.

    –Sir Mix-A-Lot

  2. Posted by Fear of Failure | September 6, 2012 at 10:38 PM

    Stanford > CFA > Harvard > UBS > HBS 2+2 applicant

  3. Posted by Guest | September 7, 2012 at 7:05 AM

    anything > UBS

  4. Posted by Guest | September 7, 2012 at 9:23 AM

    If your goal is to lead your own company one day, I would have to think that staying in school for as long as possible while minimizing the amount of time spent in the real workforce is definitely the way to go.

  5. Posted by Guest | September 7, 2012 at 9:27 AM

    Hating on a 20 year old? Clearly your life didn't go the right way..

  6. Posted by Guest | September 7, 2012 at 10:01 AM

    I won't hate on the 20-year-old, but I have serious questions about an academic system that trains young people to think that the best way they can go about starting up their own business is by staying in school.

  7. Posted by Guest | September 7, 2012 at 12:47 PM

    He's going to work/try starting a company for two years and maybe go back. It's a pretty valuable put option for him. If his careers/business takes off, he obviously won't go back. If it doesn't, then he'll go back to HBS, where he can network and try again. It's pretty simple. Harvard kids aren't as dumb as you might think…

  8. Posted by Juventus | September 10, 2012 at 5:56 PM

    I was just chatting with my coworker about this today at Outback steak house. Don’t remember how in the world we landed on the topic in fact, they brought it up. I do recall eating a outstanding fruit salad with cranberries on it. I digress

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