Obama Paying More Than Buffett as Treasuries Show U.S. Losing AAA Stature (Bloomberg)
Two-year notes sold by the billionaire’s Berkshire Hathaway Inc. in February yield 3.5 basis points less than Treasuries of similar maturity, according to data compiled by Bloomberg. Procter & Gamble Co., Johnson & Johnson and Lowe’s Cos. debt also traded at lower yields in recent weeks, a situation former Lehman Brothers Holdings Inc. chief fixed-income strategist Jack Malvey calls an “exceedingly rare” event in the history of the bond market.
JPMorgan Also Recorded Repo Trades As Sales (FT)
The practice ended in 2005 when took over that shit.
Citi to Double Team Helping Institutional Hedge Fund Investment (BW)
The targeted increase of the now 30-person consulting team may be completed within 18 to 24 months, London-based Roe said in an interview in Hong Kong on March 19. Asia may get a disproportionate number of the additions as the bank expands the services from Europe and the U.S. to the region, he added.
Greenberg Sells AIG Stock to UBS for $278 Million (Reuters)
Snowflake (the dog) needed a new pair of shoes.
Credit Suisse Restricts Bankers' Travel to Germany (Reuters)
....after Deutsche Land authorities there said they had launched 1,100 tax evasion probes against the bank's clients and were investigating staff on suspicion of aiding evasion.
E*Trade Hires Ex-Citi Executive as CEO (WSJ)
"I am raring to go for the opportunity to get back into the industry and into a progressive company," Steven Freiberg said in an interview.