so that’s something

The world’s biggest banks are overhauling how they trade currencies to regain the trust of customers and preempt regulators’ efforts to force changes on an industry tarnished by allegations of manipulation. Barclays Plc, Deutsche Bank AG, Goldman Sachs Group Inc., Royal Bank of Scotland Group Plc and UBS AG, which together account for 43 percent of foreign-exchange trading by banks, are introducing measures to make it harder for dealers to profit from confidential customer information and take advantage of clients in the largely unregulated $5.3 trillion-a-day currency market, according to people with knowledge of the changes. Banks have capped what employees can charge for exchanging currencies, limited dealers’ access to information about customer orders, banned the use of online chat rooms and pushed trades onto electronic platforms, according to the people, who asked not to be identified because they weren’t authorized to discuss their firms’ practices. [Bloomberg]

  • 02 Sep 2014 at 12:11 PM

Boone Pickens Basically A Porn Star: 5th Wife

Investor T. Boone Pickens is 85 year-old, an age at which most people have long since stopped working and are generally taking it easy. That he is still pounding the pavement and “logging 500 hours a year jetting around the country to give speeches and interviews about the miracle of the American oil-and-gas boom” makes him something of an anomaly, and his longevity is the focus of a profile over at Forbes. What do we learn? That TBP keeps his eyesight sharp with monthly experimental injections “into the centre of his eyeball” and daily gym routine “A mile on the treadmill. Fifty sit-ups. Two sets of 20 squats while wearing a 60-pound weight vest. A couple of sets of 150-pound pull-downs.” In addition to keeping him alive and moving, the exercise apparently had the added benefit of keeping his latest bride happy: Read more »

  • 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 »

But Goldman Sachs says it’s okay. Read more »

  • 27 Jun 2014 at 4:05 PM

Shia LaBeouf Had A Busy Thursday Night

Troublemaking actor Shia LaBeouf chased after a homeless man — demanding he hand over a McDonald’s bag in Times Square — a few hours before he went berserk at the Broadway musical “Cabaret,” new video footage reveals. “He really wanted whatever was in that bag. He had so much focus … If there were French fries in the bag, maybe he really wanted to eat them,” a witness said. He added, “He was dodging people and yelling, ‘Yo, come on!’ … He was on a mission. It was so bizarre.” [NYP, earlier, earlier]

There is much to take in, but if I could point you in the direction of one thing, it’d be the guy air guitaring with his laptop at 2:50. Read more »

Bob Gross The Cat, who rose to prominence as an honorary CIO of the world’s biggest bond firm and had the uncommon intellectual capability to understand when her owner was on television, died last week. She was 14 years old. Bob is survived by her loving masters, Bill and Sue. Read more »