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Write-Offs: 10.14.14

$$$ Citigroup Mexican Unit Said to Have Committed Decade-Long Fraud [Bloomberg]

$$$ Pimco chief Ivascyn says final investment calls rest with him [Reuters]

$$$ Wells Fargo profit rises 1.7 percent as mortgage business steadies [Reuters]

$$$ Wilbur Ross Said to Seek Up to $2 Billion for Next Fund [BusinessWeek]

$$$ When John Thornton visited the Double Tree Hotel in Bristol, Connecticut, on Monday night, he apparently did not like the mop job being done by a female employee. So he allegedly grabbed the mop from the woman and began, in the words of the police report, “mopping aggressively.” As a result, the Double Tree got a clean floor and Thornton was charged with breach of peace, according to Connecticut Patch. [HP] Read more »

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  • 14 Oct 2014 at 5:59 PM

Bill Gross’s Plot To Destroy PIMCO Is Working

Just ask the Arkansas Teacher Retirement System, one of literally dozens of public pension funds that can’t stomach their bonds being run by a Pimco-less Bill. Read more »

Colin Fan, he of the “I have lost my patience” with you pricks video address, explains: Read more »

Russian Finance Minister Anton Siluanov says his country’s currency is just about ready to end its Ukraine-invasion-, passenger-jet-downing-, Western-sanction-, and oil-price-plummeting-induced freefall, even though none of the things causing it are going away any time soon. He didn’t elaborate, but we’re sure that Vladimir Putin’s finance minister has his ways. Read more »

JP Morgan Chase’s third-quarter results were published more than three hours ahead of schedule because of a mistake by Shareholder.com, the investor-communications company owned by Nasdaq OMX Group Inc. “The root cause was a human error internally at Shareholder.com,” Ryan Wells, a Nasdaq spokesman, said in an e-mailed statement. Shareholder.com provides companies with Internet services including website maintenance for investor relations. JPMorgan’s earnings press release and supplement appeared online at about 3:30 a.m. in New York. The bank had set 7 a.m. for release of the market-sensitive data. [Bloomberg]

As you may recall, a few years back, a couple of former Titan Capital Group assistants suggested via lawsuit that it was not appropriate for their boss to ask them to print out topless honeymoon shots of the his new wife and then to ask whether they liked them as much as he did. They additionally suggested that it was equally inappropriate for the boss’s brother, Marc Abrams, to say a few unkind things to one of them, who also happened to be his ex (including that she was a “dirty pig thief” and “rotten bitch” and so on).

Until about a week ago, Cristina Culicea and Danielle Pecile didn’t have much to show for their efforts, other than the photos, what with the lawsuit still pending. Then, news of the four-year-old lawsuit apparently made its way to Greenwich, and they at least got this: Read more »

Sure, Herbalife’s independent distributors are its entire raison d’etre, but their goddamned websites are giving Bill Ackman way too much ammunition. And since it’s apparently going to be sticking around, the diet-shake empire is going to do something about it. Read more »

The saintly Daniel Pollack will try to parse just how everyone wants to proceed once the rights against future offers clause Argentina’s been hiding behind is no more. For now, however, everyone wants to proceed exactly as they have been proceeding. Read more »