Write-Offs: 08.09.13

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$$$Government authorities are planning to arrest two former JPMorgan Chase employees suspected of masking the size of a multibillion-dollar trading loss, a dramatic turn in a case that tarnished the reputation of the nation's biggest bank and spotlighted the perils of Wall Street risk-taking. The arrests are expected to take place in London in the coming days, according to people briefed on the matter. The action, the people said, would come on the heels of a federal grand jury voting to indict the employees on criminal fraud charges. The employees — Javier Martin-Artajo, a manager who oversaw the trading strategy from London, and Julien Grout, a low-level trader responsible for recording the value of the soured bets — could ultimately be extradicted under an agreement with British authorities. [NYT]

$$$SAC Deal Puts Restrictions on Nearly $6 Billion of Firm's Money [WSJ]

$$$Icahn's Dell Challenge Goes To Court [WSJ]

$$$Obama Compares Russia’s President Putin to a Bored Kid [Bloomberg]

$$$Houston woman arrested for allegedly slapping HPD horse [Chronicle]

$$$Sard Verbinnen, Wall Street's Go-To Crisis PR Firm [BusinessWeek]

$$$"Mike is working tirelessly to save this company, and it is despicable of Ackman to leak a letter asking for his removal," said Howard Schultz, the chief executive of Starbucks Corp., on whose board Mr. Ullman sits. "The irony is that Ackman himself has every step of the way severely damaged this company." [WSJ]

$$$Fight at McDonald's drive-thru leads to stabbing [WTSP

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Write-Offs: 12.3.15

Yellen just about ready to do this; Alleged spoofers charged; JPM buries whale; "Pennsylvania Officials Stumped Why Town Smelled Like Cat Pee"; and more.

Write-Offs: 10.31.12

$$$ More Probes Add to Barclays's Woes [WSJ] $$$ Corzine Searches for What's Next [WSJ] $$$ London Whale’s Boss Martin-Artajo Sued by JPMorgan [Bloomberg] $$$ “The growth in [European government bond] futures volumes is unbelievable,” said one senior credit trader. “The same short interest still exists – economically it’s identical. If you thought the short interest was hurting the market then it makes no sense to say cleared derivatives are good and OTC derivatives are bad.” [IFRE] $$$ Remember: it's not Halloween if you're in New Jersey [nj.gov via Counterparties] $$$ Dear College Kids, If You Dress in an Ironically Racist or Insensitive Costume, You May Get Punched In the Nose Like I Did [Gawker Updates] $$$ A private equity firm is looking for an associate in San Francisco [DBCC] $$$ When Is There a Strong Transfer Risk from the Sovereigns to the Corporates? Property Rights Gaps and CDS Spreads [NY Fed] $$$ Citigroup Staff Uprooted for Weeks as Sandy Slams Wall Street [Bloomberg] $$$ On Mayor Bloomberg's sign-language interpreter: "The perception that we non-signers have that these hand movements and facial expressions are particularly 'animated' and 'expressive' is precisely due to our lack of experience with them as linguistic features." [LL] $$$ Bloomberg on hurricane sushi, part 2 [BBW, earlier] $$$ Baby walrus rides out hurricane at NYC aquarium WITH VIDEO [MSNBC]