Banks

  • 20 Aug 2014 at 12:53 PM

Pay Hike Watch ’15: The Youth Of Goldman Sachs

The youngest members of the House of Lloyd are said to be in for a nice little salary bump. Read more »

Banks are said to have made their best offers this week. Read more »

  • 12 Aug 2014 at 3:15 PM

Vascular Biogenics Will Show Itself Out

Forget about what you thought you heard about an IPO. There was no IPO. Read more »

Revel, the Atlantic City Casino Morgan Stanley poured $1.2 billion into and then booked a $1 billion loss on when the bank washed its hands of the place, which still haunts some senior executives’ dreams and is the word James Gorman whispers to employees with a knowing glance when it looks like they’re about to get in over their heads on something, is shutting its doors. Read more »

Back in 2012, Bank of America branch manager Aurora Barrera was in need of a vacation. She knew a week or two would be nice, but what would be better was the kind where she never had to come back, though continued to get paid. Since HR probably wouldn’t approve of the proposal, she had to figure out something slightly more creative, which in the end involve first robbing her place of business:

Aurora Barrera, 33, of Downey, California, helped plan the theft at a Bank of America Corp. branch where she was an assistant manager, the California Department of Insurance said yesterday in a statement.

…and second, strapping on a pair of cojones the likes of which Bank of America had never seen, and doing this: Read more »

And also that it has T-minus 12 months to makeover itself into an “After” bank (the “Before” being a pile of used tires left on the side of the road) and the clock starts now. Read more »

  • 06 Aug 2014 at 1:53 PM

Bank of America Did It! Sort Of!

Mission somewhat accomplished. Read more »

Judge Rakoff would feel a lot better about this if someone from Citi could be compelled to just admit they engaged in fraud; to have them say, “Guilty, your honor.” Sure, the $285 million they’ll be forking over sort of suggests as much on its own but just for fucking once, it’d be nice to hear someone say it. Read more »