Write-Offs: 10.31.14

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$$$ "One reporter publicly confirmed that a CEO of a top 5 bank personally emailed him the lurid details of the lawsuit, and we also have heard directly from other reporters that they also are getting information and encouragement to pile on from some of our competitors." [Jefferies]

$$$Trick or treat at this billionaire's haunted house [CNBC]

$$$J.P. Morgan Found Hackers Through Breach of Road-Race Website [WSJ]

$$$The Case for ‘Alternative’ Investments [WSJ]

$$$Help desk worker suspended for using fake robot voice [CNBC]

$$$Theme in Big Banks’ Latest Earnings Reports: Legal Costs [Dealbook]

$$$Dollar General extends tender offer for Family Dollar shares again [Reuters]

$$$Florida Man Gets Arrested With 'Go Directly To Jail' Shirt [HP]

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$$$ Santander, BBVA Among Spanish Banks Downgraded By Moody’s [Bloomberg] $$$ Spain denies bank run reports [FT] $$$ Big banks need extra $566bn, says Fitch [FT, FTAV] $$$ Icahn Takeover of CVR Gets Support From 55% of Holders [Bloomberg] $$$ JPMorgan's Dimon says will testify before Congress [Reuters] $$$ Occupy Wall Street is staging an intervention with Jamie Dimon [NC] $$$ BlackRock is looking for a performance analyst in Princeton [DBCC] $$$ At CME, an Uproar Over Trading Hours [WSJ] $$$ SEC Probes Role of Hedge Fund in CDOs [WSJ] $$$ Which Biglaw Firm Accidentally Released Embarrassing, Unredacted Documents About Goldman Sachs? [ATL] $$$ Floyd Norris: "For market makers, who may buy unwanted securities that customers want to sell, hedging may be wise and prudent. But it will also be short term, until the bank trades out of whatever position it took on in the course of making the market. But if banks hedge long-term investments, as JPMorgan evidently did, the hedge is also likely to be long term. It will consist of buying something that, in normal times, should move in the opposite direction of their investment. The result is that they will be making convergence trades that are indistinguishable from what Long Term Capital Management did. Given the size of the big banks, they will have to do so in huge volumes that can come back to haunt them if markets move the wrong way." [NYT] $$$ The Boldface Names on the Witness List for Gupta’s Trial includes Lloyd Blankfein, Gary Cohn, Ken Chenault, Raj Rajaratnam, James Barnacle, and Adam Smith [DealBook]

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