ECB Said to Boost Emergency Aid for Greek Banks by $1.3 Billion (Bloomberg)
The Governing Council raised the cap on Emergency Liquidity Assistance provided by the Bank of Greece to 73.2 billion euros in a telephone conference on Thursday, said the person who asked not to be named because the decision is confidential. An ECB spokesman declined to comment.
Lawyers claim ex-Goldman programmer broke policy – not the law (NYP)
Sergey Aleynikov, the former Goldman Sachs programmer accused of stealing company secrets, violated a confidentiality agreement with the bank — but that doesn’t make it a crime, lawyers for the 45-year-old defendant told a jury Wednesday. “The only thing Sergey Aleynikov is guilty of is crossing Goldman Sachs,” lawyer Kevin Marino said at the opening of trial in Manhattan state court. Violating a policy “cannot be converted into a criminal offense no matter how powerful your company is,” Marino said.
Blankfein’s Bet on Goldman Sachs Bond Trading Seen Reaping Gains (Bloomberg)
The bank Blankfein leads may report a 7 percent increase in first-quarter fixed-income revenue as volatility in interest-rates and currency markets prompted more trading, according to the average of five analysts’ estimates compiled by Bloomberg. Three big U.S. competitors are seen posting declines, the estimates show. That would give New York-based Goldman Sachs its largest share of fixed-income revenue in four years.
Dimon Says Once-in-3-Billion-Year Treasury Move Warning Shot (Bloomberg)
JPMorgan Chase & Co. head Jamie Dimon said last year’s volatility in U.S. Treasuries is a “warning shot” to investors and that the next financial crisis could be exacerbated by a shortage of the securities. The Oct. 15 gyration, when Treasury yields fluctuated by almost 0.4 percentage point, was an “unprecedented move” that would have serious consequences in a stressed environment, Dimon, the New York-based bank’s chairman and chief executive officer, said in a letter Wednesday to shareholders. Treasuries are supposed to be among the most stable securities.
Turkish students petition for a 'Jedi temple' on campus (UPI)
More than 6,000 students at a Turkish university have signed a petition calling for a Jedi Temple on campus "to bring balance to the Force." The Change.org petition, which had more than 6,000 signatures Thursday, was created by students at Dokuz Eylul University amid controversy stemming from an announcement last month from Istanbul Technical University rector Mehmet Karaca that his school would be getting a "landmark mosque" after a petition calling for a mosque on campus received nearly 200,000 signatures...The Dokuz Eylul University petition says supporters are seeking the construction of a Jedi temple like those seen in the Star Wars films "to recruit new Jedi and to bring balance to the Force."
Apple expects smartwatch demand to exceed supply at launch (Reuters)
Apple Inc (AAPL.O) said on Thursday it expected the "tremendous interest" in its new smartwatch to result in demand outstripping supply when the gadget hits stores on April 24. Apple said it would take orders for the watch exclusively online during the initial launch period.
Activist Investor in Food Fight With Steak ‘n Shake Owner (WSJ)
Sardar Biglari, the activist investor whose eponymous company owns the Steak ‘n Shake burger chain, likes to tell his shareholders they are betting on him. “Biglari Holdings is a jockey stock,” he wrote in a 2011 letter to shareholders. “You are choosing the jockey; I am choosing the horses.” Now another activist investor is trying to grab the reins. Groveland Capital LLC has taken a 0.2% stake in Biglari Holdings Inc. and is asking at a shareholders’ meeting Thursday in New York to oust the entire board, including Mr. Biglari, 37, who is chairman and chief executive. In response, Mr. Biglari, best known as a Warren Buffett wannabe who waged a yearslong campaign against Cracker Barrel Old Country Store Inc., has launched activist fights at two small companies on which Groveland has board seats.
HSBC Facing Criminal Investigation in French Tax Case (Dealbook)
The British bank HSBC said on Thursday that it had been placed under formal criminal investigation by French magistrates examining whether its Swiss private bank assisted wealthy clients to avoid taxes. Investigating magistrates in France have been conducting an inquiry into whether HSBC Private Bank (Suisse) helped individuals avoid their tax-reporting requirements from 2006 to 2007.
Bobcat Fights A Shark...And Wins (HP)
A photo of a bobcat emerging from the water with a shark in its jaws at Florida's Sebastian Inlet State Park set social media practically on fire on Tuesday, with many believing the image to be a hoax. Wildlife experts say they have no idea whether the specific photo is real, but point out that it's not unrealistic, either. “Would they go into the surf and pull out a shark? Darn right they would,” wildlife biologist Robert King, who has studied bobcats in the Everglades, told the Miami Herald. “Unless it’s been photo-shopped, I believe it.”