Banks

If he had known....The bank’s about to ‘fess up to its profits on the “worthless” (or not so worthless?) derivatives it sold to Libya’s former “Brotherly Leader.” Read more »

  • 24 Nov 2014 at 2:55 PM

Jesus Has A Bone To Pick With Brian Moynihan

legitimately scared right nowHe’s letting his gal-pals be the messengers. Read more »

credit suisseWhich was nice of her, in the event the bank is running low on funds and needs to move some assets around/pay a visit to the neighborhood pawn shop/etc. Every day the payment is late, though, interest rates start kicking in and Brady Dougan is paid a visit by a guy named Bunky. Read more »

brianmoynihanbofa2It’s a great day in Moynihan Land. Read more »

Goldman Sachs Is Smart

Come to give thanks. Not smart enough to avoid almost certain death without that government lifeline in 2008, but smart enough to realize that said lifeline, coupled with the 1999 banking deregulation that helped lead to the financial crisis of which that almost certain death was a part, gave it (and Morgan Stanley) a tremendously unfair advantage over everyone else vis-à-vis commodities, one that’s still printing money for the bank. Read more »

ubs (3)Like their brethren at Citigroup, UBS’s junior mistmakers are mighty miffed and have a right mind to tell management where it can go. Read more »

The design intends for no one to have an assigned desk and there are only 150 spaces for 200 people. For those who were initially resistant to losing their assigned space, Catalano says, “it was hard to argue with real data that the old space was underutilized.” Employees have a locker where they put their personal belongings, and then they set up in the morning where they want to work. There are sanitized wipes on every desk so that the shared workstations are left clean [HBR via Matt Levine]

  • 17 Nov 2014 at 10:00 AM
  • Banks

Bonus Watch ’15: Morgan Stanley

Not gonna be happy with this shit.Need a new car? New house? New lung? New wife? Brokers, be warned: You might want to spend your whole bonus next year in one place, but you will not be able to. Read more »