Lagarde Won’t Give Support to Greece Missing IMF Payment (Bloomberg)
International Monetary Fund Managing Director Christine Lagarde warned that she wouldn’t let Greece skip a debt payment to the lender, shutting down a potential avenue to buy the Greek government some financial leeway.
Europe Braces for Brinkmanship Over Greece (WSJ)
“Greece is moving ever closer to the abyss,” Slovakia’s Finance Minister Peter Kazimir said this week. Financial markets seem to agree: Yields on Greece’s three-year bonds shot up to nearly 28% on Thursday as investors priced in a high chance of default. The eurozone usually avoids the abyss at the last minute through what it does best: political fudges. But the gap between Greece’s antiausterity government, led by the leftist Syriza party, and the country’s creditors, led by fiscally conservative Germany, is so big that even a fudge would require spectacular U-turns by one or both sides.
Bloomberg Terminals Go Down Globally (WSJ)
Bloomberg’s financial terminals went down around the world Friday, leading to disruptions for traders who rely heavily on the data machines to analyze and trade securities, and causing the U.K. to postpone a scheduled multibillion buyback of government debt. Traders said the terminals went dark shortly after European markets opened sending a wave of confusion through financial markets globally...Bankers said that they had to been forced to use telephones to contact clients, brokers and sales people on Friday, which many described as old-fashioned, meaning that some sales floors were significantly noisier than usual. Several said that they had even postponed buying and selling of bonds until after the weekend as a result of the outage. Terminals also serve as a directory for contact information and traders said that the outage had severely slowed down all processes.
Hillary Clinton Said to Hire Former Wall Street Cop as Campaign CFO (Bloomberg)
Hillary Clinton is planning to name Gary Gensler, a former top federal financial regulator and strong advocate for strict Wall Street rules, as the chief financial officer of her campaign, according to a Democrat familiar with the decision.
Cops: Mom Hosted Teen Sex, Drugs Party (TSG)
As detailed in the sheriff’s report, Lehnardt’s children were with their father one evening when her oldest child, a 16-year-old girl, texted her to ask if she and some friends could come over “to party.” Lehnardt reportedly replied, “Come on, let’s party.” Lehnardt allegedly allowed her daughter and the teen’s friends to smoke marijuana and consume alcohol in the residence. Additionally, Lehnardt “divulged that the group of minors and her played naked Twister in the living room.” At one point, while the others continued to play Twister, Lehnardt “had sex with an 18 yr old in the bathroom.”
Wall Street’s 2007 Heroes Ascendant as Goldman, Blackstone Surge (Bloomberg)
Goldman Sachs Group Inc. and Blackstone Group LP were the toast of Wall Street in 2007 as they raised record-setting funds and earned returns of more than 30 percent. Eight years later, they captured some of that dominance again in the first quarter. Goldman Sachs rode a rare increase in trading and more than $1 billion of gains from equity investments made with its balance sheet to post the highest earnings per share in five years. Blackstone, the largest alternative-asset manager, doubled first-quarter profit to a record.
Ex-AIG CEO Greenberg faces potential fraud trial (NYP)
Eric Schneiderman has Maurice “Hank” Greenberg in his sights. Greenberg, the former CEO of insurance giant AIG, failed to get a 10-year-old accounting fraud charge against him tossed, setting the stage for a potential trial over “sham transactions” from 2000 and 2001, a panel of state judges ruled Thursday. The case, first brought in 2005 by rival and former New York Attorney General Eliot Spitzer, accuses Greenberg of cooking AIG’s books — an accusation that led to his resignation from the insurance company 10 years ago.
‘The Mooch’ buffing up on eve of new Wall Street TV gig (NYP)
Scaramucci — who proudly carries a Screen Actors Guild card and brings billionaire hedgies, politicos and movie stars together in an annual conference in Las Vegas — last year bought the rights to the iconic show made famous by the late Louis Rukeyser. The investor, who will host the show, which will air on Sunday mornings, has been busy getting into camera-ready condition: “I haven’t had a cookie in three weeks,” he told The Post.
Spanish Police Search Home, Office of Former IMF Managing Director (WSJ)
Spain’s Justice Minister Rafael Catalá said earlier Thursday that Mr. Rato took advantage of a tax amnesty in 2012 to notify tax authorities of the existence of an undisclosed amount of money held overseas. Mr. Catalá said the customs probe is looking into whether the funds have an illegal origin.
Northwest Hedge Funds Gain as Much as 46% on ‘Trade of the Year’ (Bloomberg)
Cheaper valuations of Chinese companies’ Hong Kong-quoted class-H shares will persist for at least another three to six months, said George Philips, chief executive officer of the company that oversees about $700 million of assets. That is helping the firm to profit from their discounts to China-listed, yuan-denominated class-A shares, Philips said.
Office manager at Bronx dental practice operated on patients behind real dentist's back: officials (NYDN)
Valbona Yzeiraj, 45, was arrested Thursday on accusations of masquerading as a dentist at a Bronx dental office and charged in a 13-count indictment with pulling teeth and even performing root canals. The paper-pusher who dubbed herself “Dr. Val” is not a licensed dentist in the state, or anywhere else in the nation. But that didn’t stop her from treating patients for cash. “She inspected patients, she diagnosed patients, she took X-rays, she injected patients with anesthetics, she even gave patients root canals,” Bronx Assistant District Attorney Patrick McCadden said at Yzeiraj’s arraignment Thursday afternoon. From late 2012 to the summer of 2013, Yzeiraj scheduled appointments at Ultimate Dental Care in Riverdale while the real dentist, Dr. Jeffrey Schoengold, was out of the office...Yzeiraj, of White Plains, told authorities she had dental training in her native country of Albania. But officials said there’s no evidence she had a lick of training in the United States.