Wall Street Folly

EU deal on Greece set, but no details yet; Goldman cuts Euro target,This year Biggest Bonuses went to Wall Street lesser knowns; AIG’s new compensation plan; Credit Suisse bonuses 60% cash; As they’ve been saying for awhile, commercial real estate is the next shoe to drop and small banks could be in trouble; CIT’s TARP debt officially wiped out; Foreclosures still coming big time

Posted by WSF On February - 11 - 2010
  • EU Reaches Greek Accord, Will Apply Strict Rules, Officials Say
  • Goldman Cuts Euro Target on ‘Most Threatening’ Crisis
  • AIG Pay Plan: Rank and Rile
  • Wall St.’s Biggest Bonuses Go to Not-So-Big Names
  • Bernanke Lays More Groundwork for Exit Without Giving Timetable
  • Credit Suisse says 2009 bonuses average $135,000
  • TARP Panel: Small Banks Are Facing Loan Woes Read the rest of this entry »

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Barack Obama, Ben Bernanke, Bonuses, Compensation, Credit Suisse, Real Estate

Obama’s new bank tax unveiled today; Barney Frank continuing assault on Wall Street pay; Geithner’s AIG phone records demanded by House committee; Dudley defends AIG bailout; Banker testimony post mortem; Bank of America’s bonuses getting much shorter on cash; More hedge funders winding up getting jobs at the SEC; Foreclosures at a record and still expected to rise

Posted by WSF On January - 14 - 2010
  • Obama’s Bank Tax Seeks $90 Billion to Repay Bailout
  • US Rep Frank: Determined To Look Into Wall Street Pay
  • Geithner faces demand for AIG phone records
  • Fed’s Dudley Defends AIG Bailout
  • Top bankers forced on to the defensive
  • Wall Street bankers on defensive in grilling over financial crisis
  • Panel Rips Wall Street Titans
  • Bank of America May Trim Cash Part of Bonuses to 15%
  • Hedge funds seen losing staff to the SEC: survey Read the rest of this entry »

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AIG, Bank of America, Barack Obama, Bonuses, Compensation, Goldman Sachs, Hedge funds, JPM Chase, Jamie Dimon, John Mack, Lloyd Blankfein, Morgan Stanley, Politics, Revolving Door, SEC, Taxes, Tim Geithner

Citigroup wants to deTARP (someday), but Parsons give a date, stock sale on tap?; Ya, right: Geithner saying across-the-board tax increases not inevitable?; B of A rebound to beat forecasts?; Another slap down for B of A’s Merrill settlement with SEC; Obama plays to a tough Wall Street crowd; NY State says Lehman owes $1.2B in taxes; Wells Fargo fires exec who partied in foreclosed home

Posted by WSF On September - 15 - 2009
  • Parsons Says Citigroup Will Be Able to Repay
  • U.S. Said to Explore Selling Off Its Citigroup Stock
  • U.S. Treasury Sec says tax increases not likely
  • Bank of America CEO Says Rebound May Beat Forecasts
  • SEC suffers further humiliation over BofA
  • Bank of America Ruling Leaves SEC With Few Options for Pursuit
  • A Tough Crowd on Wall Street
  • For Obama, a Chance to Reform the Street Is Fading
  • New York State Says Bankrupt Lehman Owes $1.2 Billion in Tax Read the rest of this entry »

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WSF

B of A ’stands ready to litigate’, SEC defends deal; More on Blankfein’s comments; UBS has to set aside $35M for potential judgement; Ex Morgan Stanley banker gets guilty verdict for insider trading in HK; Gold producer dehedging keeping gold prices high?; States gambling revenues take big hit

Posted by WSF On September - 10 - 2009
  • Bank of America defiant over Merrill Lynch bonuses
  • S.E.C. Defends Deal in Merrill Takeover
  • Goldman’s chief treads a fine line over remuneration
  • In Europe, Goldman’s Blankfein Assails Pay
  • Banks Face Loss of Debt Guarantee
  • Judge Orders UBS to Set Aside $35 Million in Hedge- Fund Case
  • Ex-Morgan Stanley HK banker found guilty of insider trading
  • Gold Producer De-Hedging Helps Explain High Prices, Says GFMS
  • States Face Drop in Gambling Revenues for the First Time Read the rest of this entry »

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WSF

Goldman’s Blankfein on socially useless investment banking, bonuses and regulation; Cuomo may charge B of A unless he gets answers; DUH: U.S. taxpayers may not get much back from bailed out auto companies; NYSE bring in option partners; Hedge funds recovering; A new foreclosure wave?

Posted by WSF On September - 9 - 2009
  • Goldman chief hits at ‘useless’ bankers
  • Goldman’s Blankfein Calls for Pay Rules to Stem Anger, Risk
  • NY’s Cuomo may charge BofA execs over Merrill
  • Cuomo: BofA is ducking questions
  • Bank Firing of Counsel Is Examined
  • Taxpayers will lose on auto bailouts
  • NYSE Will Bring In Options Partners
  • Fairfield Agrees to Settle Madoff-Linked Charges
  • Hedge Funds Performing In 2009 Like It’s 1999
  • Record Drop Hits Borrowing Read the rest of this entry »

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WSF

JP Morgan’s earnings beat; Paulson sits on the hot seat; Banks opening the pay spigots to compete; California still has no budget deal; Regulators play hardball with B of A (and Citi); Foreclosures up 33% over June last year; Some large hedge funds could be “Tier 1″ under Obama plan; Chronic Hyperbolizer Donald Trump’s defamation lawsuit gets the well deserved boot

Posted by WSF On July - 16 - 2009
  • JPMorgan Profit Rises 36 Percent, Beating Estimates
  • Paulson Expected to Face Hard Questioning on Merrill Deal
  • Banks Ramp Up Pay Packages to Top Talent
  • Schwarzenegger, California Lawmakers Fail to Reach Budget Deal
  • U.S. Regulators to BofA: Obey or Else
  • U.S. Foreclosures Rise 33 Percent From June 2008 Read the rest of this entry »

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