Write-Offs: 08.07.12

$$$ After Knight Loss, SEC Looks to Tighten Trading Controls [WSJ] $$$ Knight Is Said To Have Spurned $500 Million Citadel Loan [Bloomberg] $$$ Standard Chartered questions New York action [Reuters] $$$ Gary Gensler wants to replace Libor with something transaction-based [NYT] $$$ Former SIGTARP Neil Barofsky took questions at Gawker [Gawker] $$$ "Please explain your rationale for the rainbow." [BI] $$$ Genworth financial is looking for a senior credit analyst in Stamford to cover private placements [DBCC] $$$ S&P Cuts Greece's Outlook to 'Negative' [CNBC] $$$ SkyBridge’s Scaramucci: Asia Is His Next Frontier [II] $$$ Facebook ventures into online gambling [FT] $$$ Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves [Bloomberg] $$$ The top floors of the Woolworth Building will apparently become luxury condos [NYT]

Author:: Dealbreaker
Updated:: Jan 14, 2019
Original:: Aug 7, 2012

$$$After Knight Loss, SEC Looks to Tighten Trading Controls [WSJ]

$$$Knight Is Said To Have Spurned $500 Million Citadel Loan [Bloomberg]

$$$Standard Chartered questions New York action [Reuters]

$$$ Gary Gensler wants to replace Libor with something transaction-based [NYT]

$$$ Former SIGTARP Neil Barofsky took questions at Gawker [Gawker]

$$$"Please explain your rationale for the rainbow." [BI]

$$$ Genworth financial is looking for a senior credit analyst in Stamford to cover private placements [DBCC]

$$$S&P Cuts Greece's Outlook to 'Negative' [CNBC]

$$$SkyBridge’s Scaramucci: Asia Is His Next Frontier [II]

$$$Facebook ventures into online gambling [FT]

$$$Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves [Bloomberg]

$$$ The top floors of the Woolworth Building will apparently become luxury condos [NYT]

$$$ JPMorgan Misled Investors, Dodged Regulators, Senate Report Says [Bloomberg] $$$ Regulators Question Goldman and JPMorgan’s Capital Plans [DealBook] $$$ E*Trade Loses Largest Shareholder as Citadel Sells Out [Deal Journal] $$$ Credit Suisse to pay $400 million to end U.S. bond lawsuits [Reuters] $$$ The Return of the Popped Collar [WSJ] $$$ Genworth financial is looking for a Director, Corporate Trading in Stamford [DBCC] $$$ Reuters editor indicted for helping Anonymous hack websites [AP] $$$ Bankruptcy Lawyer Is Named to Manage an Ailing Detroit [NYT] $$$ Almost there, S&P! [WSJ] $$$ Goldman Sachs is (probably) reminding people of how everyone forgot about Greg Smith [DI]

$$$ Knight Weighs Offers [WSJ] $$$ US banks call for easing of Basel III [FT] $$$ US banks increase retention of mortgages [FT] $$$ Instagram's CEO maybe lied to the California Corporations Department about whether Twitter offered to buy Instagram [NYT, cf. Felix Salmon] $$$ Peter Madoff Says He Was a Victim of Brother’s Ponzi Scheme [Bloomberg] $$$ Silvio Berlusconi may or may not be engaged to a 27-year-old [Gawker] $$$ A leading buyside institution is looking for a senior investor relations specialist in New York [DBCC] $$$ Argentina got its boat back [Credit Slips] $$$ Aladdin Capital to pay $1.6 mln to resolve SEC charges [Reuters] $$$ U.S. agency sues JPMorgan over mortgage securities [Reuters] $$$ Calstrs Reviewing Cerberus Investment in Light of Newtown Shooting [Deal Journal] $$$ Elie Ayache, Author of the Black Swan [Wilmott]

$$$ Mitt Romney overpays his taxes, is rich [WaPo] $$$ Goldman Sachs is rolling out a hedge fund investing platform [Reuters] $$$ The ECB's pretend-you're-a-central-banker online game has a single mandate [Economist] $$$ SEC Said to Scrutinize Private Equity on Share of Payout [Bloomberg] $$$ Kato Kaelin Has a 'Gut Feeling' O.J. Simpson Was Guilty of Double Murder [ABC] $$$ BoNY Mellon is looking for a wealth management senior sales director in Greenwich [DBCC] $$$ EU in talks over Spanish rescue plan [FT] $$$ California found some more debt that it owes [NYT] $$$ Behind the Scenes, Some Lawmakers Lobby to Change the Volcker Rule [DealBook] $$$ Bank of America Is Now Stealing From Child Actors, Allegedly [Gawker]

$$$ S&P cuts Spain credit rating to BBB-minus, near junk [Reuters] $$$ E-Mails Appear to Back Lawsuit’s Claim That Equity Firms Colluded on Big Deals [DealBook] $$$ Tarullo Calls for Cap on Bank Size [WSJ] $$$ Political backlash over BAE deal collapse [FT] $$$ First-week Bain Capital analyst sort of attempts to buy Gawker, Gawker explains birds and bees, analyst concludes "This is awkward." [Gawker] $$$ A financial services firm is looking for an enterprise risk manager in Philadelphia [DBCC] $$$ Stocks Skid Into Earnings Pothole [WSJ] $$$ Narula Masters Fed, Beats Funds With 500% Gain [Bloomberg] $$$ Citing Deep Data Collections, Senator Opens Inquiry of Information Brokers [NYT] $$$ Pro-Life Congressman Recorded Himself Convincing Mistress to Get an Abortion [DI]

$$$ Man Accused of Plot to Blow Up Federal Reserve Bank of New York [NYT] $$$ Europe banking supervisor plan ‘illegal’ [FT] $$$ Prosecutors Seek as Much as Decade in Prison for Gupta [WSJ] $$$ Dealpolitik: What Sprint’s Unusual Deal Structure Means for Competing Bidders [Deal Journal] $$$ ThinkEquity is no more [MarketBeat] $$$ Trying To Do A Cannonball Into A Frozen Swimming Pool Is Not A Good Idea [Deadspin] $$$ A large regional investment bank is looking for two energy company analysts in New York, Houston or Denver [DBCC] $$$ With Flat Profits, Greenhill Misses Earnings Estimates [DealBook] $$$ Och-Ziff hedge fund looks to exit landlord business [Reuters] $$$ What’s An Index Worth? [IndexUniverse] $$$ "The other day, a friend of mine asked me whether CEOs were born or made. I said, 'That’s kind of like asking if Jolly Ranchers are grown or made. CEO is a very unnatural job.'" [Ben Horowitz] $$$ Customers Refuse to Press Charges Against Couple Having Sex on Restaurant Table Because, Hey, Dinner and a Show [Gawker]

$$$ Facebook Posts Loss, But Emphasizes Mobile Growth $$$ LightSquared Executives Get $6 Million in Bonuses Approved by Judge [Deal Journal] $$$ Bernanke QE3 Stocks Miss Greenspan Irrational Exuberance [Bloomberg] $$$ ‘I’m Quite Concerned About Fiscal Cliff’: Greenspan [CNBC] $$$ Argentina won't kneel down before 'vulture funds,' says Cabinet Chief [BA Herald] $$$ Gupta is no Rajaratnam. Gupta tipped inside information about one company to Rajaratnam, while Rajaratnam traded on confidential information collected from many sources. So you’d expect that Gupta would be treated differently when he appears for sentencing. Federal sentencing guidelines, however, suggest a prison term for him that’s similar in length to the 11 years Rajaratnam is serving. And prosecutors want a sentence within those guidelines, just as they want for the hundreds of defendants sentenced in federal courts nationwide every day. Because what Gupta and Rajaratnam did is so different, though, sentencing Gupta to anything like the time Rajaratnam is serving undermines the whole purpose of the sentencing scheme that prosecutors say they want to uphold. [Slate] $$$ For several years now, Marc Lasry, the co-founder of Avenue Capital, has decorated his mansion on East 74th Street with bloodied bodies hanging from the balcony, skeleton heads, a giant inflatable ghost, swinging bats and a life-size, clothed skeleton affixed to a tree on the sidewalk. One afternoon last week, tourists and children gathered to take pictures of a dancing skeleton beside the front door. It was singing “Super Freak.” (Perhaps in the spirit of competition, the hedge fund manager Philip A. Falcone and his wife, Lisa Maria, have lavishly decorated the exterior of their 27,525-square-foot house on East 67th Street even though it is currently a construction site.) [NYT via BI] $$$ Adveq, a leading asset manager investing in private equity and real asset funds globally, is looking for an investor relations and development representative for North America [DBCC] $$$ Former Soros CIO nears launch of Anderson Global Macro early next year [AR] $$$ Wall Street Is Rethinking Commodity-Trading Role [WSJ] $$$ This is a story about LBO companies getting equity financing from long-only investors to pay down debt to manageable levels before an IPO [Term Sheet] $$$ This is a story about a management consultant who is also a self-published poet [BBW] $$$ "My wife ... penetrated to the heart of the debate in a single sentence tonight when, only about 15 minutes into the exchange, she observed: 'Romney’s flag pin is much larger than Obama’s flag pin.'" [NR] $$$ Obama Takes Out Romney With Mid-Debate Drone Attack [The Onion] $$$ NYC-Based Soup Chain Offers Free Cup of Soup, Personal Service from a ‘Cunt’ Named Mary [Gawker]

$$$ S.E.C. Charges the Chinese Affiliates of 5 Big Accounting Firms [DealBook] $$$ Morgan Stanley wealth unit aims to close lending gap [Reuters] $$$ "Through the end of November, U.S. companies with below investment-grade ratings sold $854 billion in junk-rated bonds and 'leveraged' loans, a record amount that outpaces the $785 billion sold in all of 2011 and even the $825 billion sold in 2007 before the financial crisis." [Deal Journal] $$$ Is Spying on Corporate Jets Insider Trading? [NetNet / John Carney] $$$ 180 Minutes With [former Top Model contestant and current Citi equity derivatives saleswoman] Kim Stolz [NYM, earlier] $$$ The Pope will start tweeting eventually [NYT] $$$ A top-tier financial firm is looking for a securities lending analyst in Stamford [DBCC] $$$ Credit Suisse is paying negative interest rates on some SFr cash balances [FTAV] $$$ Lawyer Says Trader Did Not Manipulate Market [DealBook] $$$ Oracle to Pay Three Dividends in December [WSJ] $$$ El Paso's $110 mln settlement over Kinder Morgan deal approved [Reuters] $$$ Romney Rejoins Board of Marriott [WSJ] $$$ Whisky Restores Eyesight of Man Who Was Blinded by Vodka [Gawker]

$$$ Bernanke Says Fiscal Cliff Fix May Bring ‘Very Good’ Year [Bloomberg] $$$ The Feds Are Closing In on Steve Cohen [DI / Kevin Roose] $$$ How gaming Libor became business as usual [Reuters] $$$ Xstrata Shareholders Back Deal Without Retention Packages [WSJ] $$$ "Is it possible to build a jetpack using downward firing machine guns?” [What If?] $$$ An elite boutique M&A firm is looking for an analyst with 1-2 years of investment banking experience [DBCC] $$$ US banks warn on money transfer rule [FT] $$$ Here you will find smart people attempting to understand Nassim Nicholas Taleb without reading him [Deus Ex Macchiato] $$$ Map: Where the Emotionally Challenged Live [BBW] $$$ Mitt Romney Is at Disneyland, Doing His Thing [Gawker]