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Write-Offs: 03.12.12

$$$ Citigroup could be surprise winner in stress tests [Reuters] $$$ Goldman Buoyed by Credit Rally Seen Leading Bank Trading Gains [Bloomberg] $$$ Will Portugal Follow Greece Into Debt Relief? [NetNet] $$$ Highland Capital is looking for a distressed investments senior analyst-- you? [DBCC] $$$ Wily, Elusive Foragers Invade Upstate New York [NYT] $$$ Bradley H. Jack a former investment banking chief at Lehman and an owner the most expensive residential property in Fairfield, has been charged for the second time in less than a year with forging a prescription for a controlled substance. [CTP] $$$ Citigroup CEO Vikram Pandit Says Anger With Wall Street Is ‘Understandable’ [NYO] $$$ Peter Thiel, university-hater, heads to campus [Reuters] $$$ Groupon of a lifetime: "$12,500 for a signed Titanic DVD and 13-day ocean voyage with tour of the Titanic (a $59,680 value); departs from St. John’s, Newfoundland, on July 26 and returns August 8" [G]
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$$$Citigroup could be surprise winner in stress tests [Reuters]

$$$Goldman Buoyed by Credit Rally Seen Leading Bank Trading Gains [Bloomberg]

$$$Will Portugal Follow Greece Into Debt Relief? [NetNet]

$$$ Highland Capital is looking for a distressed investments senior analyst-- you? [DBCC]

$$$ "Last week, Bloomberg announced the creation of a Billionaires Index. Updated daily at 5:30 p.m., the list would track, in more or less real time, the wealth of the world’s 20 richest people...Not to be outdone, Forbes announced that in addition to its big annual list, it was preparing to roll out a real-time list that would track gains and losses for 50 billionaires with updates every 15 minutes." [Dealbook]

$$$Wily, Elusive Foragers Invade Upstate New York [NYT]

$$$Mitt Romney Is ‘Good Friends’ With NFL Owners, Too [DB]

$$$ Bradley H. Jack a former investment banking chief at Lehman and an owner the most expensive residential property in Fairfield, has been charged for the second time in less than a year with forging a prescription for a controlled substance. [CTP]

$$$ Citigroup CEO Vikram Pandit Says Anger With Wall Street Is ‘Understandable’ [NYO]

$$$Peter Thiel, university-hater, heads to campus [Reuters]

$$$Groupon of a lifetime: "$12,500 for a signed Titanic DVD and 13-day ocean voyage with tour of the Titanic (a $59,680 value); departs from St. John’s, Newfoundland, on July 26 and returns August 8" [G]

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Write-Offs

Write-Offs: 11.06.12

$$$ "UBS AG, Switzerland’s biggest bank, fired its head of credit-default swaps index trading, David Gallers, last week, with no plan to fill the position, according to two people familiar with the matter. Instead, the bank replaced Gallers with computer algorithms that trade using mathematical models." [Bloomberg] $$$ Morgan Stanley should not boost bond trading: analyst [Reuters] $$$ Sheila Bair has a crazy plan for Congressional pay-for-performance [Fortune] $$$ Goldman Research Implies Big Obama Electoral Win [Deal Journal] $$$ “One of the most striking differences between U.S. presidents is how they choose to stock the White House bar.” [TMN via The Hairpin] $$$ A premium bank is looking for an analyst or associate candidate for the Corporate Strategies group within the investment banking division in New York[DBCC] $$$ Recycled legal claims make banks look like victims [Breakingviews] $$$ Citigroup Discloses Libor Inquiry in Singapore [WSJ] $$$ “Some genius paired 50 Cent's In Da Club with a video put out by the Jehovah's Witnesses to encourage deaf people not to masturbate” [Kottke] $$$ Defendant In Murder Trial Who Wanted To Get Back To His Cell In Time For Monday Night Football: “I Did it, So What?” [Deadspin]

News

Write-Offs: 09.06.12

$$$ JPMorgan Said To Face Escalating Senate Probe Of CIO Loss [Bloomberg] $$$ J.P. Morgan Names New Chief Investment Officer [Deal Journal] $$$ Banks now like to do quarterly calls with bondholders [WSJ] $$$ Some people still like big banks [Bloomberg] $$$ FINRA is suing a test-prep firm for taking Series 7, etc., exams 64 times, failing 52 of those times, and memorizing the questions to tell their students [Reuters; the complaint is also amusing] $$$ [Harvard] Economics concentrator Ali E. Evans ’13 received his [Harvard Business School] acceptance email on Wednesday while sitting in class next to his roommates. He said he celebrated silently and texted his parents. Evans said he has visited classes at the Business School with his tutors at Kirkland House since sophomore year. "Leading my own company one day is definitely a goal of mine, and so business school definitely fits in with that plan," he said. [Crimson] $$$ Pimco is looking for a diversity & inclusion coordinator in Newport Beach [DBCC] $$$ Qatar Imperils Big Merger of Commodity Companies [DealBook] $$$ There's a new Kindle Fire and it's cheaper [WSJ] $$$ Citigroup, Goldman, UBS Sued Over Mortgage-Backed Bonds [Bloomberg] $$$ Goldman must face mortgage debt claims - 2nd Circuit [Reuters] $$$ European political leader says "Some fans of group sex say that it’s better than one-on-one because, as with any collective work, you can skive off," is not Silvio Berlusconi [Telegraph]

Write-Offs

Write-Offs: 01.18.13

$$$ Citigroup Said to Cut Investment Bankers’ Bonuses by 20% [Bloomberg] $$$ HSBC to Pay $249 Million in Foreclosure Settlement [WSJ] $$$ "For most of its history, Dell appears to have followed advice from investment banks — advice that ill-served long-term shareholders to the benefit of corporate executives. The company paid out billions of dollars to buy back stock, and only last year began to distribute some of the money to shareholders who chose to stick with it rather than bail out. It has spent more money on share repurchases than it earned throughout its life as a public company. Most of those repurchases were at prices well above current levels." [NYT] $$$ Matt Yglesias on the Fed: "There's no solving for the desired result. There's just a presentation of a scenario and then a bunch of chit chat and discussion of operational details." [Slate] $$$ Vibrator With 3 Balls Can’t Win EU Trademark, Court Says [Bloomberg] $$$ Levin Report on JPMorgan Whale Said to Fault Regulator [Bloomberg] $$$ Assured Guaranty Cut by Moody’s on Muni Insurance Outlook [Bloomberg] $$$ All Dutch securities have been dematerialized [FTAV] $$$ Chinese labour pool begins to drain [FT] $$$ A sonnet version of the Diff'rent Strokes theme song [VC]

News

Write-Offs: 07.02.12

$$$ Manufacturing Slowdown Reaches U.S. [WSJ] $$$ Eurozone unemployment hits record high [FT] $$$ The Fishing Guide Who Hooked Hedge-Fund Titan Bill Ackman [Forbes] $$$ Finns, Dutch cast first doubt on euro zone deal [Reuters] $$$ Old Mitt’s Investment in a Fetus-Disposal Company Is Not a Great Thing for New Mitt [DI] $$$ Morgan Stanley is looking for an executive director to manage its Latam FX options market-making book [DBCC] $$$ JPMorgan Tightens Bond Grip As Whale Loss Weighs [Bloomberg] $$$ Esma probes agencies’ views on banks [FT] $$$ Physicists Inch Closer to Proof of Higgs Boson [NYT] $$$ Justin Bieber Graduates High School [NYT]

Write-Offs

Write-Offs: 01.08.13

$$$ Alcoa Swings to a Profit [WSJ] $$$ SAC Capital Said to Raise Portfolio Managers’ Bonuses [Bloomberg] $$$ Titan's taste for small funds seen behind its SAC exit [Reuters] $$$ Dimon Leaves New York Fed Board as His Term Ends [DealBook] $$$ What The Simpsons Taught Us About the Dangers of a Trillion-Dollar Platinum Coin [DI] $$$ An investment manager is looking for a senior portfolio analyst in Seattle [DBCC] $$$ Dealpolitik: How AIG Board Works Its Way Out of the Hot Seat [Deal Journal] $$$ Lawmakers Warn A.I.G. Not to Join Lawsuit Against U.S. [DealBook] $$$ Why AIG Suing America Isn't as Crazy as You Think [NetNet / John Carney] $$$ Clearwire Receives $5.15 Billion Buyout Bid from Dish [WSJ] $$$ Oregon Man Arrested for Choking Girlfriend With His Own Dreadlocks [Gawker]

News

Write-Offs: 05.21.12

$$$ J.P. Morgan Suspends Share Buyback [WSJ] $$$ Bank of America's CEO 'Comfortable' With Investments [CNBC] $$$ Gupta ‘Threw Away His Duties,’ Prosecutor Says In Opening [Bloomberg] $$$ France, Germany Fail to Resolve Differences Over Euro Bonds [WSJ] $$$ U.S. lets China bypass Wall Street for Treasury orders [Reuters] $$$ MF Global's Corzine Got More Than $8 Million in Year Before Collapse [WSJ] $$$ S&P is looking for an associate to rate media and entertainment companies in Chicago - interested? [DBCC] $$$ "On average, for every additional 1% a company returned to shareholders between 2009 and 2011, the CEO was paid 0.6% more last year, the analysis found. For every 1% decline in shareholder return, the CEO was paid 0.6% less. ... In 2010, there was no correlation; for every 1% decrease in shareholder return, the average CEO was paid 0.02% more." [WSJ]$$$ Enron Ex-CEO Seeks Retrial On ‘New Evidence,’ Lawyer Says [Bloomberg] $$$ SEC move set to boost covered bonds in US [FT] $$$ With New Firepower, S.E.C. Tracks Bigger Game [DealBook] $$$ The New York Times printed a giant Gretchen Morgenson story about insider trading except there was no insider trading [Reuters / Felix Salmon, also Reformed Broker] $$$ Taxi Panel May Raise Fares Up to 20% [NYT] $$$ Gal claims she was 'too hot' to work in lingerie shop, forced to wear robe before getting boot: suit [NYP]

Write-Offs

Write-Offs: 05.22.12

$$$ EXCLUSIVE: Here's The Inside Story Of What Happened On The Facebook IPO [BI / Henry Blodget] $$$ "A senior Nasdaq Stock Market official told customers Tuesday afternoon that it would have pulled the plug on Facebook Inc.'s initial public offering had it known the full extent of the technical problems that plagued its systems." [WSJ] $$$ Occupy Wall Street Alternative Banking Group Files Amicus Brief on Side of Judge Rakoff in SEC v. Citigroup; the brief is very clever [NC] $$$ A former high frequency trader proposes eliminating the subpenny rule [Chris Stucchio] $$$ Auction of Reagan's Blood Sparks Outrage [Reuters] $$$ Prudential Capital is looking for an investment associate in Chicago/Minneapolis [DBCC] $$$ At Hearing, Regulators Discuss JPMorgan Investigation [DealBook] $$$ Zuckerberg’s Property Status, Post-Marriage [NYT] $$$ Disclosure by Short-Sellers Would Improve Market Clarity [DealBook / Steven Davidoff] $$$ "A Silicon Valley tech executive faces charges after authorities say he put fake bar codes on hundreds of Lego sets at various Target stores so he could buy the toys at steeply discounted prices, then sell them online for thousands of dollars in profits." [AP]

Write-Offs

Write-Offs: 03.12.13

$$$ Cliff Asness: The Hidden Tax Behind Wall Street Reform [WSJ] $$$ Banks’ Debt Addiction Said to Face Scrutiny at Basel Group [Bloomberg] $$$ Citigroup Joins Roster of Banks Advising Dell Buyout [Deal Journal] $$$ Bloomberg: still really into the $83bn TBTF subsidy [Bloomberg, earlier, etc.] $$$ Ms. White got a warmer welcome from some members of the panel, which is set to vote on her nomination before it moves to the full Senate. "The more I find out about you, the more I like you," said Sen. Tom Coburn (R., Okla.), adding that he had already decided to support her nomination. Sen. Charles Schumer (D., N.Y.), introducing Ms. White at the beginning of the hearing, described the lighter side of a woman known mostly for locking up terrorists and mobsters. He told the packed hearing room that Ms. White served as chairman of the American Society for the Prevention of Cruelty to Animals, likes to "crack open a cold can of Bud" and was effective on the basketball court as a member of a New York women's basketball league. [WSJ] $$$ A sinkhole swallowed a golfer on the 14th fairway [DM] $$$ A resource focused boutique investment bank is looking for an associate in New York [DBCC] $$$ An Asset Manager’s Guide to Swap Trading in the New Regulatory World [DPW] $$$ SEC asked Goldman to disclose more about illiquid assets - filings [Reuters] $$$ Funds pick Credit Suisse over UBS on revamp risks [Reuters] $$$ "There is nothing funny about these photos, in which Mitt Romney celebrates his 66th birthday by eating fluffernutter cupcakes and wearing a stupid birthday hat." [DI] $$$ 'Wolf of Wall Street' Gets $1M Pay Day for Movie Rights [FBN]