Wall Street Folly

Not so fast for JP Morgan tax break as FDIC said to back away from support; Morgan Stanley picked to underwrite Uncle Sam’s Citigroup stock sale?; Greece issuing bonds; Dubai said to offer Dubai World creditors some guarantees; AIG aircraft leasing guy said to have left over pay restrictions; Junk bond issues hitting new records

Posted by WSF On March - 29 - 2010
  • FDIC Stands Between J.P. Morgan and a WaMu Payoff
  • M. Stanley to underwrite US’s Citi stock sale-CNBC
  • Greece to Issue Seven-Year Bond
  • Dubai World guarantees revealed
  • AIG Unit Feels Effects of Pay Limits
  • Junk bonds sell in record volumes Read the rest of this entry »

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WSF

Social Security payouts will be more than inflows THIS year, not in 2016 as CBO had predicted; Merkel’s terms for Greece aid are out; Dubai offers Dubai World $9.5B new funding; UBS director arrested for insider trading; Another nabbed in UK insider trading ring; B of A’s new mortgage foregiveness plan; Wells Fargo buying GMAC factoring; Bernie Madoff associate Bonventre indicted; USPS closer to eliminating Saturday mail delivery; Tiger Woods will face media questions on April 5

Posted by WSF On March - 25 - 2010
  • Social Security to See Payout Exceed Pay-In This Year
  • Merkel Sets Greek Terms, Calls IMF-EU Aid Last Resort
  • ECB Offers Olive Branch to Greece
  • Dubai Offers Dubai World $9.5 Billion in New Funds
  • UBS Director Poteroba Is Arrested for Insider Trading
  • Seventh Person Arrested in U.K. Insider Trading Probe
  • Bank of America to Reduce Mortgage Balances
  • Wells Fargo to Buy GMAC Assets Read the rest of this entry »

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WSF

Greece: A new fire storm for Goldman; Greece and the EU at odds over bailout; Barclays’ Varley and Diamond won’t take bonuses; Evan Bayh bailing on the Senate, presidential aspirations?; JP Morgan said near deal to buy RBS unit; Fed’s Bear Stearns backstop is in the red

Posted by WSF On February - 16 - 2010
  • Wall St. Helped to Mask Debt Fueling Europe’s Crisis
  • Greece refuses EU austerity measures demand
  • Barclays Soars as Profit Doubles; Varley Shuns Bonus
  • Bayh’s Retirement Adds to U.S. Senate Democrats’ List of Woes
  • JPMorgan Said Near to $1.7 Billion Purchase of RBS Sempra Units
  • Cost of Dubai default insurance rises sharply
  • Fed’s Bear Stearns portfolio value falls Read the rest of this entry »

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Barclays, Bear Stearns, Bonuses, Fed, Goldman Sachs, JPM, JPM Chase

Bonus backlash: With charity clearly beginning at home, Goldman thinks about mandatory top employee giving; Despite latest AIG revelation, Geithner still appears to have Obama, Democratic support; UK bankers have had it; Corzine leaves a huge deficit; Dubai: let the foreclosures begin!; JP Morgan dividend increase coming soon?; Goldman wants a piece of the ETF pie; Will Avatar overtake Titanic?; While NBC is busy trying to undo its Leno move embarrassment, CBS is said to be close to new deals with Letterman, Ferguson

Posted by WSF On January - 11 - 2010
  • Goldman Sachs Weighs Requirement for Charity
  • Banks Brace for Bonus Fury
  • Geithner Has Support of Obama, Democratic Lawmakers, Aides Say
  • U.S. Bankers Are Fed Up With British Regulations
  • Corzine Leaves $8 Billion Gap as N.J. Governor Readies Exit
  • Dubai’s First Foreclosure May Open Floodgates in Worst Market
  • Dimon Leading Dividend Race Pandit Sweats in New Test for Banks
  • Goldman Looks to Crash ETF Party Read the rest of this entry »

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AIG, Banks, Barack Obama, Bonuses, ETFs, Goldman Sachs, Hedge funds, JPM Chase, Jamie Dimon, Lloyd Blankfein, Tim Geithner, U.S. Treasury

Looks like TARP program gonna be extended; Greek finance minister says country won’t default; Istithmar lost control of W Hotel; Nomura won’t extend fixed Lehman bonuses; Morgan Stanley reshuffling; Apollo stock offering; Barclays denies $5B Lehman windfall; AIG General Counsel may leave over pay flap; CIT emerging from bankruptcy; Tiger’s ads have disappeared

Posted by WSF On December - 9 - 2009

  • Geithner Said to Be Seeking TARP Extension Until Next October
  • Greece Finance Minister Says No Risk of Default
  • Jackson’s (W)Hole
  • Morgan Stanley reshuffles to take on Goldman
  • Morgan Stanley Ousts Petrick as Trading Chief, Promotes Porat
  • Nomura to wind down Lehman fixed bonuses
  • Apollo Investment plans to sell 10 million shares
  • Barclays Says Lehman Brokerage Sale Gave It No ‘Secret’ Gain
  • AIG General Counsel Kelly May Depart After Protesting Pay Limit
  • Judge Approves CIT Group’s Restructuring Read the rest of this entry »

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AIG, Bankruptcy, Barclays, Goldman Sachs, Sports, Tim Geithner

Barclays Diamond dumps on bonus tax; Is the pay czar blinking over AIG pay caps?; Morgan Stanley management shuffle; SEC looking for public input on high frequency trading; Citi, Wells Fargo TARP impasse; Cuomo focusing on B of A’s Greg Curl; More Dubai debt problems?; So far debt raters have skated by relatively unscathed (which is bizarre); Galleon case delay, Ex FBI agent dishes on failed earlier Galleon probe

Posted by WSF On December - 8 - 2009
  • Barclays’ Diamond Criticizes Bonus Tax, Sees Regulator Missteps
  • Feinberg Said to Lift $500,000 Salary Limit for AIG Executives
  • Morgan Stanley Shuffles Executive Suite
  • SEC probing high-frequency strategies, co-location
  • Banks, U.S. Spar Over TARP Repayment
  • Bank of America Executive Under Scrutiny
  • Dubai World Met Six Creditors Yesterday on Debt, Banker Says
  • Dubai’s Debt Problems May Swell, Morgan Stanley Says
  • Debt Raters Avoid Overhaul After Crisis
  • Galleon Insider-Trading Case Delayed for a Month Read the rest of this entry »

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AIG, Barclays, Citigroup, Hedge funds, Insider Trading, Legal, Morgan Stanley, SEC

Dubai tensions seem to be easing; AIG closes on 2 debt for equity swaps with NY Fed; Investor who put money with Madoff 6 days before collapse slapped down; GE/Vivendi agree on NBC stake value; A 180: Jim Cramer retreats on stock transaction tax; Did SEC staffers being probe to see if they “committed acts of negligence”; CBOE demutualization close?

Posted by WSF On December - 1 - 2009
  • U.A.E. Leaders Try to Ease Concerns Over Dubai
  • Dubai World in Talks on $26 Billion of Debt, Rest Is ‘Stable’
  • AIG closes debt for equity deal with NY Fed
  • Madoff Investor Rosenman Loses Bid to Recover Assets
  • GE, Vivendi Agree on $5.8 Billion Value for NBC Stake
  • Cramer reverses his stance on stock-trade levy
  • SEC Watchdog Eyes Insider Trading Probe
  • Carlyle Group sued over collapsed fund
  • CBOE to demutualise ‘within days’ Read the rest of this entry »

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AIG, Bernie Madoff, Carlyle, Jim Cramer, SEC

Senator Sanders won’t vote for Bernanke; Wall Streeter’s conspicuous spending returns!; Dubai debt crisis; UAE sets up emergency facility for banks; UAE blocks then unblocks the Times of London; B of A CFO, mtge unit president take salary hits; RIP Fred Joseph, former Drexel CEO; RIP Ari Kiev, SAC Capital’s & Wall Street’s favorite shrink; Holiday shopping not exactly ebullient

Posted by WSF On November - 30 - 2009
  • Senator opposes Fed chief Bernanke renomination
  • Shhh! Wall Street is Spending Again
  • UAE central bank sets up emergency facility for banks
  • Crisis Puts Focus on Dubai’s Complex Relationship With Abu Dhabi
  • Dubai Default Swaps Show No Distress on Bailout Bets
  • U.A.E. Blocks Sunday Times Over Coverage of Dubai Debt Crisis
  • London Times Back on U.A.E. Newsstands After Sunday Edition Pulled
  • Bank of America Trims Salary for 2 Top Executives
  • UBS threatens to move HQ from Switzerland: report
  • U.S. Treasury to Push Lenders to Finish More Home Modifications
  • RIP: Fred Joseph, Former Drexel Burnham CEO, Dies at 72
  • RIP: Ari Kiev, a Psychiatrist, Dies at 75 Read the rest of this entry »

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Bank of America, Ben Bernanke, Bonuses, Compensation, Credit Crunch, Fed

Dubai debt problems roil world markets; Mobius says it may trigger that correction; UBS says Dubai’s debt could be greater than $80B; Dubai creditors may just have to suck it up; UBS whistle blower looks for a billion dollar payoff for ratting; Focus on Feinberg takes heat off of Obama administration?; UBS/E&Y say Madoff claims against them “vague”;

Posted by WSF On November - 27 - 2009
  • Dubai Shows Limits of Government Rescues, Roubini’s Das Says
  • Mobius Says Dubai May Trigger Markets ‘Correction’
  • Dubai Debt May Be Higher Than $80 Billion, UBS Analysts Say
  • Dubai creditors have little option but to accept the hand they’ve been dealt
  • Abu Dhabi Commercial Said Owed $1.9 Billion by Dubai
  • Ex-UBS Banker Seeks Billions for Blowing Whistle
  • Feinberg Stumping Helps Obama, Geithner Skirt Public’s Pay Ire
  • UBS, Ernst & Young Call Claims in Madoff Case ‘Vague’ Read the rest of this entry »

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Bernie Madoff, Sovereign wealth funds, UBS

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