Opening Bell: 02.24.10
Citi in Talks to Sell Hedge-Fund Business (WSJ)
It's got about $4 billion in assets-- anyone interested? Otherwise SkyBridge Capital is just gonna take it.
Pangalos: Italy Masked Finances Worse Than Greece (Reuters)
Greek Deputy Prime Minister Theodoros Pangalos criticised Germany's attitude towards the Greek crisis, saying Athens had never received compensation for the economic impact of the Nazi occupation during World War II. "They took away the Greek gold that was at the Bank of Greece, they took away the Greek money and they never gave it back. This is an issue that has to be faced sometime in the future," he said."I don't say they have to give back the money necessarily but they have at least to say 'thanks'," he said. "And they shouldn't complain so much about stealing and not being very specific about economic dealings."
HSBC Said to Scrap Plans for CEO Pay Rise After Investors Balk (Bloomberg)
Sad trombones for Michael Geoghegan.
Daring to Think 'Private Jet' Again (NYT)
Breathe a huge sigh of relief: "Gingerly, some business travelers are venturing back into private aircraft after the battered economy -- and a public outcry against that perk of fat cats, the corporate jet -- walloped the general aviation industry starting in 2008."
Round Two: Bernanke Faces More Grilling From Congress (CNBC)
Oh, and apparently this time they might get a little nasty with him, not with any real substance behind the digs, but just for show, which has never happened before in any of these hearings.
Steve Wynn to take Foxwoods helm (Philly)
Steve Wynn announced yesterday that he is stepping in as the managing general partner of the Foxwoods casino project planned for Columbus Boulevard at Reed Street.