The Latest

  • 30 Sep 2014 at 4:40 PM

Careful Grooming = Respectability For Bitcoin

A couple of Swiss Adonises have shed their tin-foil hats to reveal perfectly-coifed hair (or no hair at all, which is a kind of Teutonic perfection in and of itself). This, combined with their robot-like Swissness, apparently means that we can all stop clamoring for francs and start filling out instawallets, according to Bloomberg. Read more »

  • 30 Sep 2014 at 4:38 PM

SEC Charges Guy With Being Very Bad Roommate

10. Leaves dishes in the sink.
9. Fills DVR with Diners, Drive Ins and Dives and “Save All Episodes” option
8. Brings back strange men he/she met on the corner 5 minutes earlier.
7. Is late with the rent.
6. Eats your food.
5. Leaves Post-it notes on the bathroom mirror that read “Should I deduct $0.75 from your portion of the rent for the shampoo you used this morning?”
4. Repeatedly asks you if your girlfriend is single.
3. Invites the cast of Stomp over for a nightcap when you’ve got a big presentation in the morning.
2. Tells your mother she looks great and asks if she’s had work done since she last visited.
1. Trades on material non-public information you mentioned in passing and in confidence. Read more »

  • 30 Sep 2014 at 3:30 PM
  • Banks

Benjamin Lawsky Shows The Limeys How It’s Done

Let a financial wrongdoer off scot-free? That wouldn’t be good for New York Financial Services Superintendent Benjamin Lawsky’s future political career, and so it is not how New York Financial Services Superintendent Benjamin Lawsky operates. Now, unlike certain lazy, weak-willed, tea-drinking regulators, Benjamin Lawsky can’t put anyone in jail. But that doesn’t mean he’s going to let any Wall Street scofflaw escape responsibility, even if it is the easy way out. Read more »


[via @cgasparino, related]

Read on and learn, well, basically nothing that you could not have intuited. Read more »

  • 30 Sep 2014 at 2:39 PM

Morningstar Still Has 99.579% Confidence In Pimco

As you may have heard, Pimco co-founder Bill Gross announced last Friday that he was leaving the firm he started in 1971 for Janus Capital Group, before parent group Allianz could fire him. Since then, analysts, commentators, investors, and feral cats hoping to take Bob Gross‘s place have weighed in on who will ultimately emerge stronger from this breakup. The people who pulled $10 billion from Pimco immediately after hearing that Gross was out clearly believe that that place is nothing without him. Pimco management has taken the other side of the argument. Ron Insana at CNBC just wants everyone to know that “Bill Gross is NOT crazy.” And what does the ratings branch of Morningstar think? Apparently that Pimco is still a world class athlete of a fund but that it might have to stand on the short box. Read more »

  • 30 Sep 2014 at 1:45 PM
  • Banks

BofA Kinda Forgot That Structured Notes Mature

Ah, 2009: Heady times at Bank of America, what with Merrill Lynch being dropped (/forced) into their lap and all. Still, it does seem rather a big oversight to have failed to account for the fact that bonds and options, you know, don’t last forever—and then to have missed it for four years and almost $4 billion. Read more »

Thankfully, the e-commerce giant came to its senses before Ichan had to go all Queens schoolyard on its ass. The only reason he gave them an extension on his patience is because he’s actually had great success selling his knickknacks on the site. Read more »