Opening Bell: 07.15.09
Bank of America's Brian Moynihan Is Said to Court Former Merrill Bankers (Bloomberg)
"We are going to be aggressive in the talent we attract and we feel very good about the people we're attracting and retaining," said Jessica Oppenheim, a Bank of America spokeswoman. She declined to elaborate vis-a-vis how far Moynihan's willing to go but we're to understand it's a no holds barred situation. For those of you getting a call from Bri-Moy, make him dance.
JPMorgan Trading May Rescue Profit for Second Straight Quarter (Bloomberg)
Joyous news from the House of Dimon, which will probably report earnings of $1.59 billion.
Cuomo, Rattner Eyeing Settlement (NYP)
The Attorney General's office is apparently not interested in pressing a criminal case against the former Car Czar, and has been applying pressure on SRat/Quadrangle to come to an understanding that will avoid civil charges having to be filed, and a live screening of Chooch in Bryant Park.
GM's Wagoner Rides Off With $8.5 Million (NYP)
It's not the $20 million package we were all hoping for but it'll do. Rick will get $1.64 million annually for the next five years, as well as $74,030 a year for the rest of his life and all the Pontiacs he could ever desire.
Risks at Goldman Include an Outcry Over Pay (BV)
GTFO, really?
NY Trustee Sues Offshore Hedge Fund in Madoff Case (AP)
Apparently the Herald fund and HSBC ''knew or should have known that (Madoff's business) was predicated on fraud'' and now might have to pay $587 million for the slip-up.
Robert De Niro victim of New York art scam (Reuters)
Other victims of the $88 million scam include John McEnroe and the art buffs at Bank of America.
French Nortel workers secure talks after blow-up threat (Reuters)
"Unions have agreed to remove the gas cylinders placed around the site after their demand was met," the local prefect's chief of cabinet said.