now you know

Reuters: “Senior UBS AG banker Jim Glerum and several other investment bankers have left the firm, a UBS spokesperson said on Wednesday. It was not clear exactly how many bankers have left UBS in the latest departure, or which firm they will join.”

Fox Business’s Neil Cavuto is has told his staff to “bring cots and enough Red Bull to keep going” ’til 2 in the morning on election night, when programming will be focused on what the results mean for Wall Street. But what is Cavuto’s personal game plan? Glad you asked. Continue reading »

If you said Washington you’re not wrong but that’s not the answer we were looking for. Yes, James is incredibly frustrated with the people in DC. Previously he’s tried to hold his tongue but no longer. He’s openly expressed concern about the various reform proposals and he recently told the President that the “administration’s anti-bank rhetoric ‘isn’t helpful,’ because it demoralizes businesses and employees.” But Washington, eh, whatever. It’s a source of annoyance but it’s not the thing that gets Jamie’s blood really boiling. Same goes for Syracuse University. He’s pissed at them, but they’re low on the list of things that make him go ape shit. What chaps James Dimon’s hide no other is when his name appears alongside certain people with whom he has essentially nothing in common. Continue reading »

The Times had a long profile of Carl Icahn over the weekend, wondering if the activist investor still has a fight in him, his likes and dislikes (being referred to as “raider,” for one), his early years in the biz (“When he turned 15, he played his own version of the ice futures market as a cabana boy at a beach club, ordering extra ice on hot mornings to sell to visitors who would run out later in the day”) and whether he has any plans to retire (“What else am I going to do?” Mr. Icahn asks. “Play shuffleboard?”). The article also discusses Icahn’s public feud with Donald Trump over three Atlantic City casinos bearing the Don’s name, which Carl was trying to gain control of. Here’s what Donald had to say about the matter:

“He told me he was doing it because he heard I wasn’t involved, but he knew I was involved, that I had a deal with bondholders,” Mr. Trump said. “I was very surprised and also very disappointed that Carl got involved,” Mr. Trump added. He said the two had been friends for years and that Mr. Icahn had sought his advice when he was divorcing his first wife. Mr. Trump said the two had not spoken since the call.

And here’s Ichan’s side the story:

“I should be the one that is surprised he is upset,” Mr. Icahn said. “I might possibly feel bad had I interfered at a time when he was running the business,” but that’s not the case, he added.

But the way more important thing that Uncle Carl wants to clarify? These two are in no way close friends, even using the loosest definition of the term. You wanna know how Carl knows this? Take a look at this picture:

Continue reading »

  • 09 Mar 2010 at 5:00 PM

Trish Regan’s Diet Tips

You're just 9 months and one set of breast pumps away from this.

Trish Regan’s been look pretty good lately, no? Especially for a woman who just gave birth a few months ago? I’m sure you’ve noticed, as has John Carney, who needed to know more. The crack journalist did some digging and found out that you, too, can look like this, by incorporating a few simple tricks into your diet: cut out food, and breast feed twins (it burns a ton of calories and keeps you honest). Regan has lost over 45 pounds on the plan. Tomorrow, we reveal how Kudlow maintains his 30-inch waistline. You’re not gonna wanna miss this.

  • 15 Apr 2009 at 10:15 AM

Layoffs Watch ’09: UBS

Our favorite Swiss bank in town has finally gotten around to confirming those previously rumored 8,000-odd cuts from the workforce.