If clichés were true, the spouses and partners of investment bankers and hedge fund managers would be showered with expensive gifts on Valentine’s Day. Bankers, after all, can afford deliveries of Bollinger and blooms. The reality is less seductive and more sterile. Financial services is not a romantic industry. Bankers aren’t actually seen as desirable dates. A 2012 survey of 5,000 Britons by dating website Match.com found that bankers don’t feature in either sex’s definition of their preferred partners. Most of all, women want to date firemen, teachers and musicians. Men are keenest on nurses, scientists and accountants. One reason, of course, is bankers just don’t have much time for romance. “They tend to work extremely long hours and don’t really cross paths with anyone romantically. They are at their desks a lot,” said Hayley Bystram, a director at elite introductory agency the Bowes Lyons Partnership, which charges £6k for alerting like-minded professionals to each other’s existence. Many of her clients are financial professionals. [eFinancial]
Valentine’s Day
The promise of a proxy battle, unless they comply with every one of his demands (e.g. replace four board members with Loeb and three of his friends). Little bit of DL trivia for the Third Point historians among us: with this latest 13-D, Loeb is reclaiming his tradition of notifying adversaries of his intent to wage war on February 14 (previous recipients of similar love letters include Salton Inc, Star Gas Partners, and AEP Industries). Sure he could have waited a day here or there but he’s a true romantic at heart. Even more thoughtful would have been delivering a copy of the filing in person via Barbershop Quartet but perhaps he’ll save that for next year’s lucky lady. [SEC]
Consumers’ “better halves” will shell out the most on their partners, with the average person planning to spend $74.12 on their spouse or significant other, up from $68.98 last year. Additionally, consumers will spend and average of $25.25 on their children, parents or other family members and $6.92 on friends….the average person will spend about $4.52 on their pets. [WaPo, earlier]
Howard would come home so stressed out that he’d go ballistic about tricycles in the driveway and toys on the floor, write Paula Szuchman and Jenny Anderson in “Spousonomics,” a geeky guide to finding marital bliss through economics. His tantrums had to go, as Howard always recognized after he calmed down. So he and his wife Jen, a fellow lawyer, sought ways to check his anger. Counting to 20 didn’t work. Nor did deep breathing. Desperate, they created a game in which Jen called out “Red Flag” whenever he looked ready to explode. “If Howard went three days without a red flag, she’d have sex with him,” the authors write. As puerile as that sounds, the game worked, restoring peace to their home and rekindling their sex life: A classic economic tradeoff, to hear Szuchman and Anderson tell it. Or was it a coup for a manipulative male? [Bloomberg]
With Rose McGowen. Read more »
Collateral Damage From Fed’s Investigation Includes Alleged Insider Trader Donald Longueuil’s Nuptials
By Bess LevinThe former CR Intrinsic trader charged last week with trading on material non-public info has postponed the big day. Read more »
Is there a particular co-worker you’ve been thinking would enjoy a few minutes with you on top of your desk or in the men’s room stall but were skittish about the idea of a) approaching them and b) having sex at work? Great news! According to FINS, lots of people are banging in a room just off the trading floor as we speak and they’ve got hard numbers to back it up. Use this information to make your case when offering the object of your desire two free passes to [Your Name]-ville. Read more »
Amy with husband #2
First off, do you know what an “office spouse” is? If not, the Journal offers a definition today, in a piece exploring whether or not it’s appropriate to buy this person a Valentine’s Day gift. An office husband or wife, they say, is a member of the opposite sex with whom you have a close relationship with at work, so close that it resembles a marriage but it’s entirely platonic. This is not someone you’re having an affair with on the side and in fact, your real husband, wife or significant other likely knows your office mate and is cool with the situation. Take Amy McMahon. She has a boyfriend of ten years, Casey Hoover, and she also has a office bf/husb/whatever you want to call him of three years, Kian Weaver. As they are are her number one guys at home and at work, respectively, she’ll be celebrating Valentine’s Day with both of them. Is that awkward? Supposedly not! In fact, Casey claims to love the set up. Read more »
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker -
-
Posted in:
Sponsored Content
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 »
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.
-
Posted in:
