Write-Offs: 2.17.15

Analyst freezes to death; Wells Fargo harassment; Soros Herbalife stake; Robots; Asset manager pay; "Flight Delayed Due To Rampaging Scorpion"; AND MORE.

Author:
Dealbreaker
Updated:
Jan 14, 2019
Original:
Feb 17, 2015

$$$Soros Boosts Herbalife Stake After Shares Fall [Bloomberg]

$$$NYC financial analyst, Kate Matrosova, dies of exposure during solo hike in New Hampshire mountains [NYDN]

$$$The Robots Are Coming for Your Paycheck [Real Time Economics]

$$$ And for Joanna Garcia, 28, a bank teller at a Wells Fargo branch in Reno, Nevada, it was a female supervisor allegedly talking nonstop about breasts and penises and graphically describing sexual encounters. "It didn't feel like a bank," says Garcia. "It felt almost like a nightclub." [Cosmo / Michelle Ruiz]

$$$Record amount of PE funds hit market [NetNet]

$$$Flight Delayed Due To Rampaging Scorpion [Reuters]

$$$Preet Bharara’s Wall St. Task Force Has a Shifting Roster of Lawyers [Dealbook]

$$$Asset Managers on Track to Overtake Investment Bankers on Average in Pay [Dealbook]

$$$Man tries to hide DWI by creating giant pool of black ice: cops [AP]

Morgan Stanley beats estimates; JP Morgan needs $12.5 billion; "Velociraptor among Japanese hotel's robot staff"; and more.

Bill Gross; George Soros; Phil Mickelson; Man takes leopard for casual walk on Russian street; and more.

Greece; Puerto Rico; JPM cyber security; "I had sex in the cockpit: A flight attendant’s confessions"; and more.

$$$ Hedge Fund Manager Found Guilty of Insider Trading [DealBook] $$$ Citi chief rejects calls for bank splits [FT] $$$ E.C.B. Rejects Speculation About Its Bond-Buying Intentions [NYT] $$$ Condoleeza Rice and Darla Moore became the first women admitted to Augusta National [USAT] $$$ Apple Market Value Hits Record High $$$ Kansas lawmaker apologizes for nude Sea of Galilee swim [AP] $$$ Morgan Stanley is looking for an anti-money-laundering due diligence manager in New York [DBCC] $$$ Banks Use $1.77 Trillion To Double Treasury Purchases [Bloomberg] $$$ UBS Seeing Moat Of Secrecy Run Dry Vows Results To Lure Wealthy [Bloomberg] $$$ "Inspired by Google’s PageRank, the authors of a new paper create DebtRank, a measure of connection centrality. The vertical axis in the following diagram shows DebtRank (centrality) the horizontal axis asset shows size relative to the total network and the color indicates fragility/leverage. Institutions such as Wachovia, RBS and Barclays were relatively small but because of their centrality and fragility they imposed big risks on the system." [MR] $$$ Would it be better if analysts started earnings call Q&As by saying "terrible quarter, guys"? [Overheard]

Greece's new proposal; The cost of a cyberattack blackout; "Dispute over reclined seat on flight turned violent"; and more.

$$$ Volcker Rule Delay and Simplification Gains Support in Congress [Bloomberg] $$$ Fed Official Signals Guidance on 'Volcker Rule' [WSJ] $$$ UBS hires dealmaker Orcel [FT] $$$ Credit Suisse Names Sole Head of Investment Banking [DealBook] $$$ Drake's new music video will feature a re-enactment of his bar mitzvah [Miami Herald] $$$ AIG Repays $1.5 Billion, a Year Ahead of Schedule [CNBC] $$$ Student-Loan Debt Tops $1 Trillion [WSJ] $$$ Allen Stanford’s Twitter Complaint Fails to Win Retrial [Bloomberg] $$$ "[E]mail has to be replaced with a new protocol. This new protocol should be a todo list protocol, not a messaging protocol, although there is a degenerate case where what someone wants you to do is: read the following text." [Paul Graham] $$$ Bid-ask spreads will getcha [Economix]

Inside LendingClub CEOs last days before ouster; Soros loves gold; Man hit by car on golf course returns to finish round seven months later; and more.

$$$ U.K. Loses Top Aaa Rating From Moody’s as Growth Weakens [Bloomberg] $$$ Panic-driven austerity in the Eurozone and its implications [VoxEU] $$$ Judge extends freeze on account linked to Heinz trades [Reuters] $$$ "I asked ... if Citigroup had a policy of providing financial incentives to senior executives to encourage them to seek high-level federal jobs." [Bloomberg] $$$ "The bankrupt city of San Bernardino has hired a new city manager who, according to court filings, has twice declared personal bankruptcy ..." [Reuters] $$$ Pope Also Abandoning 1.5 Million People on Twitter [DI] $$$ Macquarie is looking for a structuring and risk management analyst for its energy markets division in Houston [DBCC] $$$ “Herbalife is bound by our self-regulatory code that prohibits [crimes]. Obviously, they wouldn’t be members of the association if we believed they were in violation.” [DealBook] $$$ Societe Generale planning CVA securitisation [Reuters] $$$ Don't Fix It, Call It a Risk Factor! [Credit Slips] $$$ Ex-SEC officials to risk council: Back off on money funds [Reuters] $$$ Resume includes "Drug dealer 2003-2005 small time supplier" [Gawker]

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