Rabbi Charged Tries, Unsuccessfully, To Extort Connecticut Hedge Fund
I’m not saying extortion is the easiest thing to pull off but you’d think, what with the industry’s skittishness about insider trading these days, that if you went to any given fund and threatened to...
View ArticleGoldman Beat By JPMorgan, Morgan Stanley, DE Shaw, And Random Fashion Chick
The men, women and vampire squids at Goldman Sachs posses a lotta talent among them. Many of them can tie a maraschino cherry stem into a knot in under ten seconds. They pioneered the buddy system...
View ArticleGoldman Sachs Loses Opportunity To Take Over Site Of Tiger Woods’ Apology For...
Goldman Sachs Mortgage Co., the lender to the owners of Florida’s Sawgrass Marriott Resort, failed to win bankruptcy court permission to take over and sell the company’s assets. U.S. Bankruptcy Judge...
View ArticleUBS Energy Team Defects To Warm Embrace Of Vikram Pandit?
Apparently, yes. We’re told the “majority if not everyone” from the Houston energy office, headed by Stephen Trauber and said to be considered “the best division at UBS,” walked out last night and is...
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Former Madoff Employee Pleads Guilty To *A* Madoff Securities Scam Just Not...
You know what has got to suck? When you decide to start charging stuff that doesn’t fall under “business expenses” to your corporate card and engage in a few other amateur hours scams that probably...
View ArticleLayoffs Watch ’12: Jefferies
Cuts are said to have down at the best paid bank on Wall Street. “Significant layoffs at Jefferies yesterday, today and more to come in IB. Nine from industrials group alone. Cuts go from 1st yr...
View ArticleLayoffs Watch ’12: Deutche Bank
Cuts are said to have gone down at the other DB. Continue reading »Follow Dealbreaker on Twitter or become a fan on Facebook.Tags: Deutsche Bank, Deutsche Bank Asset Management, it's Layoffs Day on...
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Morgan Stanley Considering Denying (Some) Employees Access To The Building
For the last year or so, Morgan Stanley CEO James Gorman has sent a simple message to employees grumbling about compensation: STFU or GTFO. Now, according to Charles Gasparino, the bank may be telling...
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Bill Ackman Is Still Thinking About Filing An Appeal Against The SAT Board...
In 1984, when he was a junior at Horace Greeley High School, in affluent Chappaqua, New York, he wagered his father $2,000 that he would score a perfect 800 on the verbal section of the S.A.T. The...
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Layoffs Watch ’13: UBS O’Connor
UBS’s O’Connor LLC, the Swiss bank’s hedge fund that provoked the ire of many an employee last March, when it treated them like regular old UBS employees come pay day, causing them to “contact other...
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Layoffs Watch ’14: Bank of America
A small number of employees will be bidding the House of Moynihan adieu today. Bank of America Corp. is cutting jobs today across co-Chief Operating Officer Thomas Montag’s global trading and...
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Layoffs Watch ’14: Deutsche Bank
Zee Germans are mulling over cutting their own, at all levels. Deutsche Bank, Germany’s biggest bank, plans to cut more jobs at its investment bank to lower costs as business stagnates, two people with...
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Layoffs Watch ’14: Goldman Sachs, Etc
“Etc” being banks where “trading revenue [has] plunged,” which seems reasonable. Slammed by declining revenue, the trading businesses inside the biggest global investment banks are expected to suffer...
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Some World Cup Games More Important Than Others
US-based BNP Paribas employees learned that the hard way. From the front lines: “Working for a French bank: When France plays their Round of 16 match, BNPP sends an email announcing that a large...
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Pay Hike Watch ’14: It’s A Swell Time To Be A Junior Banker (Unless You Work...
…in which case, better luck next time. While first year analysts at several major U.S. banks, including Goldman Sachs Group Inc., are looking forward to fatter paychecks, it seems their European...
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Weather Has No Respect For Silicon Valley Billionaires
…and the drugs they want to eat, sherpas they’re paying to haul their stuff, and free love they’re ready to unleash in the desert this week. The Silicon Valley summer camp known as Burning Man was...
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Layoffs Watch ’14: Bank of America
Traders at at the House of Moynihan should reportedly gird their loins as of next Monday. Bank of America trading executives David Moore and David Hartney departed as the firm prepares to eliminate...
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Layoffs Watch ’14: Bank of America
Cuts are said to have begun at the House ‘o Bri-Moy. “Large scale layoffs started this AM at BofA in Houston, NY and Chicago. Cuts affecting lots of VPs.” Continue reading »Follow Dealbreaker on...
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Bonus Watch ’14: Deutsche Bank Puts Executive Bonuses On Ice
You get nichts! Deutsche Bank has frozen the payment of millions of euros in bonuses to current and former senior executives to reflect the risks from legal investigations, people familiar with the...
View ArticleBonus Watch ’15: Citigroup Traders Have 2016’s Bonuses To Look Forward To
This year’s payouts leave something to be desired (like 10% of their money). Citigroup Inc. this week slashed the pool of bonus money set aside for the bank’s fixed-income and equities traders,...
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