Mr. O’Neill, meanwhile, told shareholders that the main work in shrinking Citi has been done. “Look at the performance of Citicorp: It’s quite respectable,” he said about the division that is Citi’s core lending and capital markets business. “We have the makings here of a very attractive company,” he said. [WSJ]
opinions
There are many people in the universe who are fans of hedge fund manager Bill Ackman. They like his style. His charm. The way he makes them feel. The fact that he’s not afraid to show his emotions or give them an honest opinion about their new dress or say “You know what? Those highlights really aren’t working for you.” Carl Icahn, however, is not one of those people. Save for a fleeting moment of supposed amicability following “a lengthy, boozy dinner,” Icahn has viewed Ackman as a punk for nearly a decade; an untrustworthy little jerk who Ichan’s friends supposedly told him not to do business with. (The feeling being more than a little mutual; as Ackman has put it, “The guy is a shakedown artist. His word is worthless.”) Anyway, in case anyone was wondering if the investors had put an end to their feud with another long, booze-filled meal, wonder no longer. Read more »
When The Pumpkin Spice Latte Season Is Over You Can Bet Brian Moynihan Will Be Taking His Business Elsewhere!
By Bess Levin
[Simon Constable via Heidi Moore]
Here’s what he’s had to say so far (spoiler alert: he would not put it in the “one of the greats” category alongside Lenny Dykstra): Read more »
And the award goes to… Read more »
“I think he’s rolled over to Wall Street completely. The economy has huge problems. We still have all these banks that are too big to fail. They’re bigger and making more money than ever. Unemployment at 10 per cent? It’s terrible.” [Independent via BI]
Michael Moore: “This Country Is Not Broke…There Is Still A Ton Of Cash, Trillions Of Dollars Of It”
By Bess Levin
“But we’ve allowed a vast majority of it to concentrate in the hands of just a few people. It’s not theirs- it’s a national resource. It’s ours.” Read more »
When you walk out of the office and down the street today, are you planning on asking some strangers their opinion on whether or not you should get paid this year? No? Well give it a shot- the answers may surprise you, if you were under the impression the general population thinks you deserve that money. Apparently they don’t but they do have some ideas about how you should be compensated moving forward. Here’s what 70 percent of Americans have come up with– you get nothing. Read more »
Some Investors Having Difficulty Forming An Opinion On Carlyle’s Foray Into Hedge Funds
By Bess LevinI’m kidding, of course. As you may have heard, Carlyle is considering buying a stake in a hedge fund manager and is in talks with multiple firms, in addition to looking to raise “two new debt funds and a $1 billion pool to buy small companies.” The units would be overseen by Mitch Petrick, who joined the firm in March from Morgan Stanley. Presumably, there are at least a few people who are amped about Petrick’s potential stewardship, while others are, how to put this, less than thrilled. Read more »
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You know what they say: You can’t choose your family, but you can choose your financial planner. Or something like that. One of the great things of being in charge of your money is choosing who (if anyone) will help you manage it. The choice isn’t always an easy one. How will you know that your planner is reputable and trustworthy?
These five red flags may be good indications of whether the financial planner sitting across from you is someone you should trust with your money. LearnVest Planning also provides an innovative 7-step program for your money where you work one-on-one with a financial planner. To see if this program is right for you, start with a free financial consultation.
1. She Isn’t Certified
“There are a lot of good planners out there who aren’t Certified Financial Panners™,” says Samantha Vient, CFP®, of LearnVest Planning Services. “However, CFPs® are required to adhere to the CFP® Board’s standards of professional conduct.We believe it’s always a good idea to work with someone who has the CFP® designation, which is issued after completing a CFP® Board-approved personal financial planning curriculum, passing a rigorous exam issued by the Certified Financial Planner Board of Standards, meeting experience requirements and passing an ethics and background check.
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SoFi Answers the Call to Refinance Student Loans and Provides Unique Community Benefits
This is a guest post written by SoFi’s CEO, Mike Cagney.
CLICK HERE TO READ THE FULL ARTICLE
Recently, there’s been a lot of talk amongst leaders in Washington about how to improve the painful process of repaying student loans. At SoFi, we feel your pain and work hard to offer more flexible, more affordable options for our borrowers. One idea that’s getting a lot of attention is increasing the options for refinancing debt after graduation. The only lender currently focused on refinancing private and federal student loans is SoFi.
We recognized early on that borrowers who have made timely payments on their loans, graduated from school, and have a job should be able to refinance their student loans at a lower interest rate. This may be why, after resuming lending by invitation, the media became increasingly interested in what we are doing.
In a recent article posted on MainStreet.com SoFi General Counsel Rob Lavet had this to say about SoFi’s ReFi products: Read more »
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