Banks

Yes, of course it’s theoretically possible that management could go through and fix everything that’s wrong with the firm’s U.S. operations but, really, this is more of a tear down job. Read more »

When Brady Dougan & co. pleaded guilty to being a Swiss bank earlier this year, it doomed the firm to its worst quarter since the financial crisis. On the other hand, if it weren’t for helping non-Swiss people avoid taxes, there probably wouldn’t even be a Credit Suisse in the first place. So, you know, totally worth it. Read more »

Because the bank does not want Judge Astrid Nungesser to do that for it. Read more »

To be fair, the Justice Department hasn’t actually thrown out that figure, but it did scoff at Brian Moynhian’s offer of $13 billion, so. Read more »

  • 16 Jul 2014 at 1:36 PM
  • Banks

Brian Moynihan’s Law Firms Had A Great Second Quarter

Brian Moynihan himself less so. Read more »

  • 15 Jul 2014 at 3:11 PM
  • Banks

Goldman Demonstrates How It’s Done

Lloyd Blankfein just couldn’t resist an opportunity to show up his “rivals” Mike and Jamie. Read more »

Gone are the days of working until 2AM on an assignment. Staying only until midnight will be the new and exciting way of doing things. Read more »

“Bon appétit,” says Pandit, as he slices into a beetroot and continues to extol the virtues of something he calls the “SMAC stack”. I tell him this sounds awful but, he assures me, “it’s the vernacular for the ease for which you can get into business today,” and it stands for “Social media, Mobility, Applications and Cloud. “Data is like . . . You’re too young, but there was a movie with the [line about] plastics.” When I assure him I’m familiar with The Graduate, he says: “Data is this generation’s plastics. I don’t see business models being truly successful until you get it.” [FT]