boy do I have egg on my face

  • 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 »

Antony Jenkins, promoted to run Barclays Plc after the Libor scandal, pledged to overhaul the bank’s culture, committing to values of integrity and respect. Allegations of fraud on his watch are undermining his plan. Barclays lied to customers and masked the role of high-frequency traders as it sought to boost revenue at one of Wall Street’s largest private trading venues, New York Attorney General Eric Schneiderman said in a civil complaint filed June 25. He cited a pattern of misleading and false representations that went on as recently as April. The first allegations of new misconduct since Jenkins was named chief executive officer of the London-based bank in August 2012 mark a setback in his efforts to break with the past and sent shares plunging the most since he took over. A hit to the reputation of the Barclays LX dark pool also would hinder Jenkins’s effort to turn around the firm’s investment bank by focusing on equities. [Bloomberg]

Over the course of the Raj Rajaratnam insider trading case, we got to meet many of his most-trusted tipsters, none of them more important to him than Danielle Chiesi. To be sure, guys like Anil Kumar and Rajat Gupta gave Raj good stuff too, but Chiesi had a leg up on the other tipsters because she “used her sexuality to build sources at male-dominated tech companies.” To those not up on industry jargon, that meant she fucked guys for information. In layman’s terms. Executives were apparently powerless against the allure of her “tight red suit with red fishnet stockings” and once they saw her “suggestive” dance moves it was game over. Chiesi had affairs with guys like IBM’s Bob Moffatt, who was more than happy to tip her off (not knowing he was just being used though, Moffat, who cried at least two times in public over Chieis, has since vowed to never open his heart to another woman again, besides his wife), and following coitus, DC would pass the info to Raj.  Previously Danielle noted that “There is not even a chance [I] will do one day in jail,” which seems to indicate she did not sleep with the judge sentencing her, as she obviously would’ve gotten the number right, rather than being off by a factor of infinity. Read more »

  • 30 Nov 2009 at 11:59 AM

Tell Us Exactly What You Think Of Citigroup

Feeling bashful? Here, a recent hire– Willem Buiter, as Chief Economist– will start:

“Citigroup – a conglomeration of worst-practice from across the financial spectrum.”

Now you go. Don’t worry about offending Uncle Vik– he already knows you’re thinking it.

Quotes of the Day: Buiter On Citi
[Felix Salmon]