Tags: Capitalism, Goldman Sachs, Morgan Stanley, stock trading, UBS
In a revolutionary development, it turns out that each would like the biggest piece of the stock-trading pie possible. Read more »
Tags: Goldman Sachs, Michael Lewis, Morgan Stanley, the old call a competitor's guys in for an interview trick, we understand why you'd think something called Speedway was involved in HFT but...
On those exceedingly rare occasions when their hated, ancient rivals at Morgan Stanley got one over on them, Goldman Sachs just made a few (probably insincere) phone calls asking select MSers if they might like to join the anointed, after a short conversation about what they’d been up to lately, of course. Read more »
Tags: another potential Jamie Dimon successor bites the dust, Blythe Masters, JPMorgan Chase
Having built and then been forced to sell JPMorgan’s commodities business, Blythe is going to take some me time. Read more »
Tags: HSBC, money laundering, on the clock, Sinaloa cartel, systems lacking integration coordination and standardization, valued clients, work to do
Remember that time HSBC was found to be running a lucrative money-laundering business on the side, cheerfully doing business with Mexican and Colombian drug cartels, the Iranians, Burmese and the Cubans? And how it agreed to stop and be a good boy and oh yea pay about $2 billion if federal prosecutors agreed not to file criminal charges against it?
Well, coming up with $1.9 billion was the easy part. Making sure you’re not doing the thing that forced you to write that check in the first place? This is a stickier matter. Read more »
Tags: charity boards, golfing, neighbors
A bunch of big investors think that a bunch of big banks should give them an unspecified amount of money, because they have broken crumpets and sipped tea together or something. Read more »