Ultra-easy central bank policies are about to come back to bite the economy, Gross said in his latest letter to investors.» Read More
In Wall Street terms, the trial of Raj Rajaratnam is like Wyatt Earp and Doc Holliday against Johnny Ringo and the Clanton Gang, staging what could be the final showdown at the financial markets’ version of Tombstone.
Ralph Rosenberg, ex-Goldman Sachs and Eton Park partner has just been made the chief of global real-estate investing at KKR.
It’s almost certain that the government recorded conversations between Rajat Gupta and Raj Rajaratnam.
Pretzels are the latest symbol of failure for the airline industry.
Continental Airlines has eliminated its distribution of free pretzels to coach class customers during domestic flights. When an airline stops giving away salty snacks some see harbingers of doom. For example, the New York Times writes :
Apparently, there’s a lot of confusion about why the SEC chose to bring the action against alleged insider trader Rajat Gupta as an administrative procedure rather than a civil or criminal trial in federal court.
War fever is growing ever hotter with each passing day.
Criticism of president Obama's resistance to committing the United States to a war to erect a No Fly Zone over Libya is heard from both sides of the aisle.
Prepare for a victory lap at 200 West Street: Goldman Sachs has rejoined the ranks of respectability.
Bloomberg reports : "The Bank of England’s appointment of Goldman Sachs Group Inc. Senior European Economist Ben Broadbent to its Monetary Policy Committee shows governments are again looking to the firm for top decision makers, less than a year after it settled U.S. fraud claims."
Accused insider trader Rajat Gupta resigned yesterday from the boards of directors of AMR Corporation and its subsidiary, American Airlines , Inc.
But the loss of yet another board seat—Rajat was also on the boards of Goldman Sachs and Procter & Gamble before the SEC began investigating his connections to Galleon hedge fund founder Raj Rajaratnam’s alleged insider trading—is hardly the worst of Gupta’s worries.
The battle has been joined—and the belligerents have hewn to precisely the war plan one would expect of each.
Francesco Guerrera foreshadows a great deal of the looming hostilities between banks and the shadow banking system in his aptly named article "Monsters that lurk in the shadows of Wall St," which appears in today's Financial Times .
" 'Screwflation' and the Two-Headed Market" [CNBC.com's Partrick Allen]
Raj Rajaratnam's trial begins today [CNBC's Scott Cohn]
Banks ripping of customers doesn't result in big gains for shareholders [CNN Money via Fortune]
"Who Eclipsed Bob Diamond's Pay Package at Barclays?" [CNBC.com via FT]
Rick Rieder, Jamie Dinan and Kyle Bass all think Janet Yellen is finally going to move rates in June.
JPMorgan Chase will pay $50 million to compensate homeowners in bankruptcy over the use of robo-signing and other improper practices.
Warren Buffett's annual letter strongly criticized the financial industry, who took notice of his warnings, the NYT reports.