“The problems in Europe are significant, we all know that,” said Antony Jenkins, head of retail, when asked about the bank’s performance on the continent. “Our base case assumption is that those problems are not going to unwind themselves any time soon.” [Bloomberg]
I know how bribes work I bribe people all the time
The other day we noted that in the course of making fake trades at SocGen, Jerome Kerviel had invented a fake client who he’d named Matt, whose bio Kerviel added little flourishes to such as the fact that Matt apparently loved to play rugby. Today we hear from a non-imaginary colleague of Kerviel’s, none too happy about the fact that he owes her, a bottle of bubbly she’s probably never gonna get. Continue reading »
Mmmm unlikely, though Cuomo has finally gotten around to rattling his saber in their and other PE firms’ general directions, which is something. Last month Hank Morris, a political consultant to former Comptroller Alan Hevesi, and David Loglisci, a former deputy controller for Pension Investment and Cash Management under Hevesi, were the only ones charged (with 123 counts of “enterprise corruption and other felonies”) for their parts in a little pension scandale, which came down to steering pensions funds to certain advisers who were offering them some sweet kickbacks to the tune of $35 million. Those putting the money on the table were not named as defendants “or accused of any wrongdoing” and were seemingly going to get off on the argument that they themselves were victims of fraud (“We thought that they were a placement agent!”). They still might, but not without some minor discomfort (which is nothing new, as they’ve been “had” through similar scams several times by now).
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
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