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Finance NetNet


  Monday, 25 Apr 2011 | 3:27 PM ET

How Japan Dealt a Double Blow to Hedge Funds

Posted By: John Carney
Mike Kemp | Tetra images RF | Getty Images

To the banker-poet T.S. Eliot, April was the cruelest month.

But for many hedge fund traders who take bets on economic trends around the world, March was the cruelest they can remember.

“We just got whacked. Japan was a double hit—killing our longs and our shorts,” a young hedge funder said at a beer garden in Manhattan’s meatpacking district.

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  Monday, 25 Apr 2011 | 2:25 PM ET

What Might Next Round of Fed Easing Look Like?

Posted By: Jeff Cox
Ben Bernanke
Ben Bernanke

No question that Fed Chairman Ben Bernanke faces Wednesday will be more important than the big enchilada of monetary policy: After QE 2, then what?

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  Monday, 25 Apr 2011 | 12:15 PM ET

Sontag Emerges as Dark Horse Candidate for Top Merrill Brokerage Job

Posted By: John Carney
Bank of America flag
Getty Images
Bank of America flag

Bank of America executives have secretly met with long-time Merrill Lynch veteran Dan Sontag in hopes of tapping him to run the U.S. wealth management division, according to people briefed on the matter.

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  Monday, 25 Apr 2011 | 11:09 AM ET

The Culture Clash Cost Merrill Its Brokerage Chief

Posted By: John Carney
Bank of America
Oliver Quillia for cnbc.com
Bank of America

The infighting at Bank of America over picking a new head for its U.S. wealth management division was set off by the unexpected resignation of Lyle LaMothe.

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  Monday, 25 Apr 2011 | 10:53 AM ET

Goldman Sachs to Feast on Mexican All Week

Posted By: Cadie Thompson

And we're officially jealous.

»Read more
  Monday, 25 Apr 2011 | 10:45 AM ET

Gold Fever Hits Mall Kiosks

Posted By: Stephanie Landsman
Boris Engelberg | Stock4B | Getty Images

The next frontier for the gold rush is the neighborhood malls.

Gold kiosks, places to sell broken or unwanted jewelry, coins and dental gold, are mining for business between the food courts and ATMs.

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  Monday, 25 Apr 2011 | 10:40 AM ET

Merrill Struggling to Replace Brokerage Chief

Posted By: John Carney
Sallie Krawcheck
Sallie Krawcheck

Efforts to tap a new head for Merrill Lynch’s U.S. wealth management business have stalled, according to people familiar with the matter.

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  Monday, 25 Apr 2011 | 10:17 AM ET

The Bulge Bracket Banks Are Crushing the Firms That Usually Dominate Mid-Market M&A

Posted By: Katya Wachtel, Business Insider
Negotiating Pay
Negotiating Pay

When it comes to the M&A playground, the game is supposed to be well-defined.

While "bulge brackets and top-tier boutiques work on the multi-billion dollar deals with the highest fees; mid-market specialists and the big four accountancy firms focus on the smaller end of the market," Financial News reports.

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  Monday, 25 Apr 2011 | 9:08 AM ET

Waking up With Nicole Lapin

Posted By: Nicole Lapin

Get on your pastels and power through this day...even as your friends in London and Hong Kong are pub-crawling on their day off.

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  Monday, 25 Apr 2011 | 9:02 AM ET

Rajat Gupta Is the Elephant in the Courtroom

Posted By: Julia La Roche

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