Write-Offs: 09.10.13

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Updated:: Jan 14, 2019
Original:: Sep 10, 2013

$$$Credit Suisse Chief Brady Dougan Warns On Systemic Risk [FT]

$$$Morgan Stanley CEO: Another financial meltdown unlikely [CNBC]

$$$An analyst who has drawn criticism from Wall Street for making incendiary comments about Kinder Morgan claimed on Tuesday the U.S. pipeline company has cut maintenance work to boost cash distributed to investors in its partnerships. In a 45-page note to clients, Kevin Kaiser, a 26-year-old analyst with independent research firm Hedgeye Risk Management, cited several examples in which he said the Houston company had reduced maintenance spending...Last week, shares of Kinder Morgan Inc fell 6 percent after Kaiser sent an email to clients that urged them to short the company. The same email promised a bombshell report - the one released on Tuesday - that would expose Kinder Morgan as "a house of cards. [Reuters]

$$$Weill said he has not talked to Dimon recently, but joked that he's "open to receive a call, if he calls me." [CNBC]

$$$‘American Psycho’ Sequel Series In Development At FX [Deadline]

$$$Neil Barsky: Reporter, hedge fund manager, movie director [Fortune / Katie Benner]

$$$Argentina’s Rating Cut to CCC+ by S&P on Appeals Court Ruling [Bloomberg]

$$$Business Insider CTO Forced to Resign Following Twitter Firestorm [DI]

$$$ JPMorgan Said To Face Escalating Senate Probe Of CIO Loss [Bloomberg] $$$ 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]

$$$ S.E.C. Charges the Chinese Affiliates of 5 Big Accounting Firms [DealBook] $$$ 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]

UBS profits; MBA hiring on the rise; GS president Gary Cohn and Andrew Ross Sorkin are texting buddies; "Scrote-n-tote gives consumers X-rated fashion accessory"; and more.

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