Galleon | Wall Street Folly

More Galleon witnesses were wired; Smarter money: Just as it was with short sellers, now it’s all CDS traders’ fault’ Barclays wants U.S. retail bank; Dubai World debt talks progress; More preying on Madoff victims; Business Coalition getting more vocal in Obamacare opposition; SEC economist said to be leaving after Short Sale rules conflict; Apollo said to be buying Citigroup real estate unit; Google launches web apps store

Posted by WSF On March - 10 - 2010

More Wore Wires in Bid to Investigate Inside Trades in Galleon Case
Swaps Come Under Fire
Barclays on the Hunt for a U.S. Retail Bank
Dubai Made Progress in Debt Talks, U.K. Minister Says
Internet hustlers go after Madoff victims
Obama’s Health-Care Push Gets Challenge From Business Coalition
SEC Economist Leaving Amid Short-Sale Rules Conflict Read the rest of this entry »

Tags: Barack Obama, Barclays, Bernie Madoff, CDS, Citigroup, Dubai World, Galleon, Google, Hedge funds, Insider Trading, Obamacare, Politics, Raj Rajaratnam, SEC, Short selling

WSF

B of A: The SEC vs Cuomo; SEC says B of A general counsel fired so that Moynihan would stay; Raj Rajaratnam victory: his trial will begin Oct 25, after civil trial date; Bill Ackman’s GGP score stands to be more than a 20 bagger; LBO debt getting hit

Posted by WSF On February - 18 - 2010

SEC Sets Up Showdown With Cuomo Over BofA
BofA Fired Top Lawyer to Retain Moynihan, SEC Says
Rajaratnam Wins Fraud Trial Date After SEC Civil Case
Ackman May Make $170 Million on ‘Grand Slam’ General Growth Bet
LBO Debt Sinks as Stock Investors Reject IPOs: Credit Markets Read the rest of this entry »

Tags: Activists, Andrew Cuomo, Bank of America, Bill Ackman, Galleon, High yield debt, Insider Trading, LBOs, Raj Rajaratnam, SEC

Bank of America, Hedge funds, SEC

EU wants Goldman Sachs, other banks roles in Greek debt mess investigated; Greece loses their vote; After a tough 2009, Jim Simons’ Renaissance Institutional Equities fund down in January; Fed’s Hoenig raises his voice about the U.S.’s debt problem; AIG / MetLife deal being held up over tax issue; For Sale: Abbey Road Studios

Posted by WSF On February - 17 - 2010

Banks that inflated Greek debt should be investigated, EU urges
Greece loses EU voting power in blow to sovereignty
Renaissance suffers rare disappointment
Lone voice warns of debt threat to Fed
U.S. Seeks First Trial in Galleon Case
Tax Question Stalls AIG, MetLife Deal
Beatles’ Abbey Road Studios for Sale to Cut EMI Debt Read the rest of this entry »

Tags: AIG, Beatles, EU, Fed, Galleon, Goldman Sachs, Greece, Insider Trading, Jim Simons, Music, Raj Rajaratnam, Renaissance Technologies, Taxes

AIG, Goldman Sachs, Hedge funds, Insider Trading

China ups reserve ratio; Ex-Goldman programmer indicted; Raj Rajaratnam wins one; Bank of America judge has more questions over their proposed SEC settlement; Prosecutors going after Madoff brother, sons over tax fraud; Madoff aide gets bail

Posted by WSF On February - 12 - 2010

China Hikes Reserve Ratio Amid Brisk Loan Growth
Programmer Indicted in Theft of Goldman Software
Rajaratnam Wins Ruling Postponing Wiretap Turnover
Bank of America Judge Poses 8 Questions on SEC Accord
Prosecutors Set Sights on Madoff Kin
Madoff Aide DiPascali Granted Bail Pending Sentencing Read the rest of this entry »

Tags: Bank of America, Bernie Madoff, China, Galleon, Goldman Sachs, Hedge funds, Insider Trading, Interest Rates, Raj Rajaratnam, SEC, Tax Fraud, Toyota

Bank of America, Bernie Madoff, Goldman Sachs, Hedge funds, Insider Trading, SEC

Bailout for Greece said to be on the way but not done deal yet; More charges for Raj Rajaratnam, and he’s ordered to turn over wire tap tapes; Soros says Greece will do whatever they have to to stay euro member; Morgan Stanley has been hearing from large shareholders on pay issue; UBS clawing back some bonuses, and they’re facing more tax evasion allegations; Toyota and now Honda recalls

Posted by WSF On February - 10 - 2010

Germany Weighs Greek Support in Pre-Summit Switch
Judge Orders Galleon Defendants to Release Tapes
Galleon’s Raj Rajaratnam Faces More Charges in New Indictment
Soros Is ‘Confident’ Greece Will Stay in Euro Region
Morgan Stanley Gets Earful on Pay
UBS: Investigating Tax Evasion Allegations From German Client Read the rest of this entry »

Tags: Autos, Bailouts, Bonuses, Compensation, Galleon, George Soros, Greece, Insider Trading, Morgan Stanley, Raj Rajaratnam, recalls, Sovereign debt, Tax evasion, Toyota, UBS

Bonuses, Compensation, George Soros, Hedge funds, Insider Trading, Morgan Stanley, Taxes, UBS

Danielle Chiesi speaks, claims there’s no chance she’ll do time and says “it’s an honor and privilege” to stand with Rajaratnam; Hedge funds in a Euro shorting spree; Would Greece asking for help send the ‘wrong signal’?; Barclays CEO disses the Volcker Plan; Judge questioning B of A SEC settlement (again), Price at peril?; UBS ups bonus pool by 34% (as its clients pull more money); Mired in Fannie and Freddie; Toyota recalling 437K hybrids

Posted by WSF On February - 9 - 2010

Confident Chiesi breaks silence
Galleon Tipper Goel Pleads Guilty, Says Rajaratnam Got Secrets
Traders in record bet against the euro
Greece Says Call for Aid Would Send ‘Worst Signal’
Barclays CEO Says U.S. Plans ‘Bad’ for Global Rules
Judge Questions Bank of America’s New Deal With S.E.C.
BofA’s Price may need to be sidelined
UBS Increases Bonus Pool 34% to 2.9 Billion Francs Read the rest of this entry »

Tags: Autos, Bank of America, Barclays, Bonuses, Compensation, Currencies, Euro, Fannie Mae / Freddie Mac, Galleon, Greece, Hedge funds, Insider Trading, Politics, Raj Rajaratnam, recalls, SEC, Sovereign debt, Toyota, UBS

Autos, Barclays, Bonuses, Compensation, Hedge funds, Insider Trading, Politics, SEC

Derivatives probe: SEC asks John Paulson for info on his winning subprime bets; B of A going on broker hiring spree, it’s bonus pool is over $4B; Dodd knocks Obama’s Wall Street regulation plan;’ Volcker Rule’ meeting resistance; Wire wearing Slaine charged in Galleon insider trading case; AIG to pay reduced bonuses; Madoff victims’ claims decision on the way

Posted by WSF On February - 3 - 2010

SEC asks Paulson fund for information
BofA push for 2,000 more retail brokers
BofA’s Banker-Pay Pool: $4 Billion
Dodd Calls Obama Plan Too Grand
Senators cool to ‘Volcker rule’
Investor charged in Galleon insider trading case
Mole Who Wore Wire In Galleon Case Is Identified
Despite Critics, AIG Sets Bonuses Read the rest of this entry »

Tags: AIG, Bank of America, Bernie Madoff, Bonuses, Christopher Dodd, Compensation, Galleon, Hedge funds, Hiring, Insider Trading, John Paulson, Paulson & Co, Raj Rajaratnam, Revolving Door, SEC

AIG, Bank of America, Bernie Madoff, Hedge funds, Insider Trading

Bernanke gains more Senate ground; Neil Barofsky is probing NY Fed over AIG disclosures; SEC wants Rajaratnam wiretaps; Barclays’ Varley says Obama trading curbs won’t have big impact on firm; Wilbur Ross may go after Stuyvesant Town; CDS at 5 week high

Posted by WSF On January - 26 - 2010

Bernanke rallies more Senate votes for confirmation
Probe into NY Fed over AIG disclosure
SEC Wants Rajaratnam to Turn Over Wiretaps in Civil Case
Barclays CEO Varley Tells Staff Obama Plan Impact To Be Small
Wilbur Ross Prepared to ‘Go All the Way,’ Buy Stuyvesant Town
Credit-Default Swaps Rising to Five-Week High: Credit Markets Read the rest of this entry »

Tags: AIG, Barclays, Ben Bernanke, CDS, Fed, Forecloseures; Retailers, Galleon, Insider Trading, Neil Barofsky, Raj Rajaratnam, Real Estate, Wilbur Ross

AIG, Barack Obama, Barclays, Ben Bernanke, CDS, Fed, Hedge funds, Insider Trading, SEC

Geithner tepid support for Obama’s new moves against banks?; Obama’s new plan doesn’t really make the financial system any safer; Roach says Obama is “bank bashing”; Banks drop in Europe over the new plan; Octopussy and six others indicted in Galleon insider trading case; Pelosi admits health bill is in trouble; Conan and NBC finally ink deal

Posted by WSF On January - 22 - 2010

Geithner reportedly wary on bank reform plan
Obama Bank Curbs May Not Leave U.S. Financial System Much Safer
Obama Plan May Cost Banks $13 Billion, JPMorgan Says
Goldman Sachs’ record profit is upstaged by Obama’s plan
Morgan Stanley’s Roach Says Obama Is ‘Bank Bashing’
Bank Stocks Down in Europe on Concerns Over Bank Plan
Seven People Indicted In Galleon Insider Trading Probe Read the rest of this entry »

Tags: Bank bashing, Banks, Barack Obama, Financial reform, Galleon, Health car, insider trading; Obamacare, Politics, Raj Rajaratnam, Tim Geithner, U.S. Treasury

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

Obama will detail new bank tax plan on Thursday (fees that the banks will no doubt pass on); Get the popcorn ready: Bankers all set to get smacked around today as they testify before the latest congressional inquisition panel; Galleon tipper uncloaked; Rajaratnam slams the “cherry picked” wiretapped recordings; High frequency trading in the SEC spotlight; Thain talking to CIT; Google could exit China; Apple’s Steve Jobs still a bargain at $1 / year

Posted by WSF On January - 13 - 2010

Obama To Unveil Bank Fee Proposal Thursday – Official
Wall Street labels levy plan ‘absurd’
Financial crisis panel seeks bankers’ testimony
‘Tipper X’ Hangs Over Galleon
Galleon founder slams wiretaps
Citigroup Bonus May Trump Goldman’s
SEC Vote May Show Scope of High-Frequency Trading Regulations Read the rest of this entry »

Tags: Apple, Barack Obama, Bonuses, CIT, Compensation, Galleon, Google, Hedge funds, Insider Trading, John Thain, Politics, Raj Rajaratnam, SEC, Steve Jobs, Taxes

Barack Obama, Bonuses, China, Compensation, Goldman Sachs, Google, Hedge funds, Insider Trading, JPM Chase, Jamie Dimon, Lloyd Blankfein, Morgan Stanley, Politics, SEC, Steve Jobs, Taxes

Not everyone thinks that Goldman Sachs is the devil incarnate — some MBAs even still want to work there; Three Galleon orphaned employees are adopted by Soros, Citadel; UBS has a new employee ethics code; Robert Kissel’s ‘milkshake murder’ wife is appealing her conviction; Ex Merrill banker won’t face Enron retrial

Posted by WSF On January - 12 - 2010

Goldman Sachs Still Shines for MBAs Who Ignore ‘Hype’
Soros, Citadel Hire Hedge-Fund Analysts From Galleon
UBS Lays Out Employee Ethics Code
Murdered Merrill Banker’s Wife Appeals Her Conviction
Ex-Merrill Banker Bayly Won’t Be Retried in Enron Barge Case Read the rest of this entry »

Tags: Citadel, Convictions, Enron, Ethics, Galleon, George Soros, Goldman Sachs, Legal, MBA, Revolving Door, UBS

Citadel, George Soros, Goldman Sachs, Hedge funds, MBA, Revolving Door, UBS

Geithner’s NY Fed told AIG to zip its lip on CDS payouts to banks; Possible carried interest tax on hedge funds, private equity firms back in lawmakers’ sights; Now deTARPED Citi faces lawsuits from ex-execs with frozen severance packages; Blankfein, Dimon won’t go to Basel; Kumar going to court today in Galleon insider trading case; Warren Buffett in antitrust hot water?; FDIC looking to tie insurance fees to risk of pay packages; State tax revenues drop to lowest since ‘63; GM CEO is predicting a 2010 profit!

Posted by WSF On January - 7 - 2010

Geithner’s New York Fed Told AIG to Limit Swaps Disclosure
Congress Has Hedge Funds, Buyout Firms in Tax Sights
Citi hit by legal action in bankers’ pay battle
Top banks invited to Basel risk talks
Kumar set to appear in court in Galleon case
Buffett’s Mars bar
FDIC Weighs Tying Fees to Banks’ Pay Read the rest of this entry »

Tags: AIG, Antitrust, Carried Interest, FDIC, Galleon, GM, Healthcare, Hedge funds, Insider Trading, Jamie Dimon, Lloyd Blankfein, NY Fed, Raj Rajaratnam, Taxes, Tim Geithner, Warren Buffett

AIG, Citigroup, Compensation, Fees, GM, Goldman Sachs, Hedge funds, Insider Trading, Jamie Dimon, Lawsuit, Lloyd Blankfein

Averting defeat, Chris Dodd is stepping aside and won’t run; Rajaratnam facing new charges; TCW bailing on PPIP; Asness’ AQR launching another mutual fund; Goldman takes a piece of Tiger cub fund; Citigroup’s Havens $9M payday; Ex-UBS banker wants prosecutors probed; Distressed real estate getting nibbles from Blackstone, others; Lehman claims plan facing resistance; Iceland says it won’t default

Posted by WSF On January - 6 - 2010

Senator Dodd Said to Not Seek Re-election in November
Galleon founder faces more US charges
TCW Pulling Out of PPIP
Shumway Capital Sells Stake to Goldman Sachs’s Petershill Fund
Citi’s Havens Got $9 Million for ‘09
Hedge Fund AQR Goes ‘Mom & Pop’
Ex-UBS Banker, Informant Birkenfeld Seeks Probe of Prosecutors
Distress Calls Begin to Go Out Read the rest of this entry »

Tags: AQR, Citigroup, Galleon, Goldman Sachs, Hedge funds, Insider Trading, Lehman Brothers, Politics, PPIP, Raj Rajaratnam, Real Estate, UBS

Citigroup, Compensation, Goldman Sachs, Hedge funds, Insider Trading, Lawsuit, Real Estate, UBS

Kumar may sing for Feds against Raj Rajaratnam; AIG’s departing general counsel getting fat severance (we can hear the protest screams already); Madoff is back in prison after his high blood pressure treatment; Taxpayers now own a majority stake in GMAC; Fannie Mae / Freddie Mac cap lifts pissing off both sides of the aisle; More howls over UK bonus tax; Ex JP Morgan banker / embezzler, living in Buenos Aires and sponging off family, won’t defend himself vs JPM lawsuit

Posted by WSF On December - 31 - 2009

Ratting against Raj
AIG Said to Give Departing Lawyer $3.8 Million in Severance Pay
Madoff Returned From Hospital to Medium Security Cell
U.S. takes majority stake in GMAC, giving lender $3.8 billion more in aid
Freddie and Fannie cap lift draws anger
Bonus Tax May Drive Financial Firms Out of the U.K., BBA Says
Ex-Banker Arbizu Says He Won’t Respond to JPMorgan’s Lawsuit Read the rest of this entry »

Tags: AIG, Bailouts, Bernie Madoff, Fannie Mae / Freddie Mac, Galleon, GMAC, Hedge funds, Insider Trading, JP Morgan, lawsuits, Raj Rajaratnam, TARP

Bernie Madoff, Hedge funds, Insider Trading, JPM Chase, Politics

GMAC may be getting another $3M bailout package; WSJ Part 2: How the Feds snared Raj Rajaratnam; If you’re gonna die, can you please wait a few days until 2010?; The Fannie Mae / Freddie Mac folly continues; Lehman cash held hostage may soon be released; Cell phone hackings could be on the rise now that the code’s been cracked; RIP Tavern on the Green (which dies on New Year’s eve)

Posted by WSF On December - 30 - 2009

GMAC Said to Discuss U.S. Aid Package of $3 Billion or More
GMAC Set for Another Cash Infusion
Fund Chief Snared by Taps, Turncoats
Rich Cling to Life to Beat Tax Man
The Price for Fannie and Freddie Keeps Going Up
Lehman move releases $11bn Read the rest of this entry »

Tags: Bailouts, Cell Phones, Fannie Mae / Freddie Mac, Food, Galleon, GMAC, Lehman Brothers, Politics, Raj Rajaratnam, Restaurants, RIP, TARP, Taxes

Hedge funds, Politics, Taxes

Way less cash: Morgan Stanley’s overhauling their senior exec pay; Jamie Dimon may bite back over that 50% UK bonus tax; WSJ: The rise of “king of kings” Raj Rajaratnam (Part 2 tomorrow: the fall); Merrill Lynch bouncing back with new UK clients; Barton Biggs and Marc Faber see dollar rise; Goldman gets the biggest slice of ‘09 IPO fees; UK Banker wins age discrimination case

Posted by WSF On December - 29 - 2009

Morgan Stanley to Overhaul Pay Plan
Bonus tax on banks shapes JPMorgan plans
The Man Who Wired Silicon Valley
BofA Merrill back on track with new blue-chip clients
Biggs, Faber Predict Dollar Rally as S&P 500 Extends 67% Surge
U.S. central bank pushes for new exit tool Read the rest of this entry »

Tags: Bank of America, Bonuses, Compensation, Galleon, Goldman Sachs, Hedge funds, IPOs, Jamie Dimon, JP Morgan, Merrill Lynch, Morgan Stanley, Raj Rajaratnam

Bank of America, Bonuses, Compensation, Goldman Sachs, Hedge funds, JPM Chase, Jamie Dimon, Morgan Stanley

Bloomberg Senate poll shows 3-1 confirmation support for Bernanke; Hedge funds like John Paulson’s betting on interest rate rises; Not many AIG execs who said they’d return bonuses have done so; Geithner doesn’t see job growth til the spring; Allen Stanford near ‘breakdown’?; Big sovereign debt sell off possible per Moody’s; Rajaratnam’s lawyers want later trial; Buffett sells more Moody’s shares; Infringment: Microsoft Wordless?

Posted by WSF On December - 23 - 2009

Bernanke’s Confirmation Support Runs 3-1 in Favor in Senate
Top hedge funds bet on big rise in yields
AIG executives’ promises to return bonuses have gone largely unfulfilled
Geithner-U.S. job growth unlikely before spring
Stanford again seeks bail, Lawyers say he risks ‘breakdown’
Moody’s warns of possible sharp sell-off in sovereign debt
Rajaratnam Lawyer Opposes Request for Summer Trial on Galleon
Buffett Sells Moody’s Shares for Sixth Time After Profit Drop
Fortress’s Intrawest Said to Be in Talks on Buyout Loan Payment
Microsoft Must Alter Word or Stop Sales, Court Says Read the rest of this entry »

Tags: AIG, Allen Stanford, Ben Bernanke, Bonuses, Fed, Fortress, Galleon, Hedge funds, Interest Rates, jobs, John Paulson, Microsoft, Moody's, Politics, Raj Rajaratnam, Tim Geithner, Trademarks, U.S. Treasury, Warren Buffett

AIG, Allen Stanford, Ben Bernanke, Bonuses, Fed, Hedge funds, Insider Trading, Legal, Paulson & Co, Tim Geithner

Pay Czar oks one big AIG bonus; Dubai World wants more time for standstill agreement with creditors; Lehman paying out big retention bonuses; As expected Rajaratnam pleads innocence of insider trading allegations; With just days left in ‘09 Goldman is #1 in Dealogic M&A rankings ; Fortress sues law firm over Dreier loss

Posted by WSF On December - 22 - 2009

AIG Permitted by Feinberg to Pay $3.3 Million Grant
Dubai World Seeks More Time for Debt ‘Standstill’ Agreement
Collapsed Lehman pays out big bonuses
Raj Rajaratnam, Chiesi Deny Insider Trading Charges
Goldman on top in annual tussle for M&A jackpot
Fortress Sues Law Firm Over Loss Read the rest of this entry »

Tags: AIG, Bonuses, Fortress, Galleon, Goldman Sachs, Insider Trading, Lawsuit, Marc Dreier, Pay czar, Raj Rajaratnam, Sovereign wealth funds

AIG, Bonuses, Goldman Sachs, Hedge funds, Legal

Has Goldman sold its soul for profits?; SAC Capital uncomfortably in the spotlight; Ben Bernanke is Time Magazine’s Person of the Year; Citigroup gets a sure to be controversial $38B tax benefit, Abu Dhabi, claiming “fraudulent misrepresentations” wants out of its Citi investment, Citi cries bullshit; No change in rates expected from Fed; Rajaratnam indicted, proclaims innocence; France jumps on the bonus tax band wagon; Microsoft settles with EU

Posted by WSF On December - 16 - 2009

As Goldman Thrives, Some Say an Ethos has Faded
An Unwelcome Spotlight Falls on SAC Capital
Person of the Year 2009: Ben Bernanke
Citigroup Says Abu Dhabi Seeks to End Share Purchase
Citi: Abu Dhabi Investment Authority Claim Without Merit
A Tax Break for Citigroup With Payback of Bailout
Fed May Raise U.S. Economic Assessment, Affirm Near-Zero Rates
Rajaratnam, Chiesi Indicted for Conspiracy, Fraud
Credit Suisse to Pay U.S. $536 Million in Iran Probe Read the rest of this entry »

Tags: Abu Dhabi, Ben Bernanke, Citigroup, Credit Suisse, Fed, Galleon, GM, Goldman Sachs, Microsoft, Politics, Raj Rajaratnam, SAC Capital, Sovereign wealth funds, Steven A. Cohen, Taxes