Skip to main content

Opening Bell: 12.17.09

  • Author:
  • Updated:

Bank of America Names Moynihan CEO (WSJ)
In an interview Wednesday night, Mr. Moynihan said he doesn't intend to exit any of the company's current businesses. He also doesn't foresee any "big changes" in the strategy of the nation's largest bank by assets. "We just have to execute," he said.
Moynihan Pick Breaks BofA's "Charlotte-based Mafia" (Deal Journal)
"This is a guy who is a tentative leader,'' adds Plath. "I watched him testify in front of Congress (last month). He didn't know who the bank's largest investor was. That scares me. He has to look over at Gifford (a BofA board) member looking for approval to answer the questions. He has to be in the same league now as Jamie Dimon. I don't know if he's there yet. I don't know if he's even in the same league as Vikram Pandit."
Tudor Jones Turns Away Investors as Hedge-Fund Industry Outflows Persist (Bloomberg)
BVI Global Fund Ltd., Jones's biggest, stopped taking new investments after bringing in $1.3 billion from March to July.
Citi to Suspend Foreclosures for 30 Days (AP)
Citi will suspend foreclosures and evictions for 30 days in a temporary break for about 4,000 borrowers during the holiday season. ''We want our borrowers to have a much less stressful time, to spend their time with their families during the holidays as opposed to worrying about their homes,'' Sanjiv Das, head of the company's mortgage division, said in an interview.
Most Finance Job - Seekers Open to Pay Cuts (Reuters)
Breaking: people who are unemployed are willing to accept less money.
Judge Accepts Galleon Witness's Guilty Plea (WSJ)
At a hearing Wednesday, U.S. District Judge Richard Berman in Manhattan accepted the guilty plea of Roomy Khan to charges of conspiracy, securities fraud and obstruction of justice.


Opening Bell: 9.21.15

Tsipras is back; Moynihan thinks he's gonna be okay; Goldman giving ETFs a try; "Tourist Dies At The Taj Mahal After Falling While Taking A Selfie"; and more.