Related

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]