Wall Street Folly

Paulson, Elliott looking to help General Growth exit bankruptcy; M&A hedge funds said to be gaining new investors; Nomura said to have poached 10 from RBS; Tennenbaum Capital looking to raise $1B for distressed debt fund?

Posted by WSF On March - 23 - 2010
  • Elliott, Paulson Said to Discuss Investment in General Growth
  • Return-hungry investors flock to M&A hedge funds
  • Nomura Said to Hire About 10 RBS Analysts, Traders
  • Tennenbaum Capital Said to Raise Money for Distressed-Debt Fund Read the rest of this entry »

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Hedge funds

GMAC bailout criticized by TARP panel; Pandit tries to move focus to possible Citigroup profits ($20B?); Geithner sends a warning shot to EU over regulation; Carlos Slim edges out Gates on Forbes world’s richest list, Buffett is number 3;Guilty! Cazenove partner nailed on insider trading charges; Nomura’s former Lehman adoptees heading for the exits

Posted by WSF On March - 11 - 2010
  • TARP Panel Finds Fault With GMAC Bailouts
  • Citicorp eyes $20bn profit
  • Geithner warns of rift on EU regulation
  • Mexico’s Slim becomes ‘world’s richest’ person
  • Forbes: The World’s Billionaires
  • Court finds former partner of Cazenove guilty on five counts of insider dealing
  • Nomura Departures Rise as Former Lehman Bankers Leave Read the rest of this entry »

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Bill Gates, Revolving Door, Tim Geithner, Warren Buffett

Morgan Stanley’s Roach sees China bubble talk as “overblown”; Greece PM to press Obama to curb those nasty speculators (as if THEY’RE the problem); Nomura’s golden handcuffs on ex-Lehman bankers will soon expire; Madoff’s victims who don’t like loss calculations can appeal to 2nd Circuit; Employers still nervous about hiring; Amazon DKs Colorado affiliates over tax issue

Posted by WSF On March - 9 - 2010
  • Morgan Stanley’s Roach Sees ‘False Alarm’ on China
  • Greece to Press U.S. to Crack Down on ‘Speculators’
  • Lehman Bankers’ Lock-Ins to Expire at Nomura
  • Madoff victims may appeal directly to 2nd Circuit
  • Employers still skittish on hiring
  • Amazon cuts off Colo. affiliates because of tax Read the rest of this entry »

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Barack Obama, Bernie Madoff

Warren Buffett’s annual tome out tomorrow; Hedge funds balking at reducing the 2/20 fee model; Like Barclays, Nomura is banking from it’s Lehman asset buy; Charlie Rangel guilty of some House rules violations per Ethics Committee, but what about those tax charges?

Posted by WSF On February - 26 - 2010
  • Buffett letter has big audience as Berkshire bulges
  • Hedge funds shy away from lowering fees
  • Lehman swoop reaps rewards for Nomura
  • Charles Rangel accepted Caribbean trips against House laws, Ethics Committee rules Read the rest of this entry »

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Hedge funds, Politics, Warren Buffett

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

Obama’s AIG headache; Pinpointing when Madoff’s scam started key to loss calculations; Madoff trustee’s big fee bill; Hedge funds, others trapped in Lehman closer to getting $$$; Fed said to be looking for deTARPing plans; Apollo still looking for NYSE listing; Nomura fined over mismarking; If Murdoch papers, others bolt to Bing, will Google take a hit?; GM return plan “a scam”?

Posted by WSF On November - 24 - 2009
  • AIG’s Rescue Bedevils U.S.
  • Start Date Is Critical in Ponzi Plan
  • Madoff liquidator seeks fees of $22.1m
  • Fed Said to Ask Stress-Tested Banks to Submit Plans on TARP
  • Billions in Lehman accounts unfrozen
  • Black’s Apollo Revives Plan for New York Stock Exchange Listing
  • U.K. Bankers Chafe Under the Microscope
  • Nomura Fined $2.9 Million for Mis-marking Derivatives
  • Murdoch courts trouble if he blocks Google on news Read the rest of this entry »

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AIG, Bernie Madoff, Carl Icahn, Casinos, Fed, Fees, Legal, Politics

Overtaxed New Yorkers stampeding to the exits; George Soros says credit crisis will be felt for a long time; Goldman vs Merrill on the housing market; Nomura might increase stock based pay

Posted by WSF On October - 27 - 2009

  • Tax refugees staging escape from New York
  • Crisis to have ’serious and lasting’ impact-Soros
  • Goldman Sees U.S. Housing ‘False Bottom,’ Merrill Sees ‘Treat’
  • Nomura May Expand Use of Stock-Based Compensation Read the rest of this entry »

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George Soros, Goldman Sachs, Taxes, WSF

A third of Wall Streeters expect higher ‘09 bonuses; Pay czar cutting cash pay to rescued firms; Stiglitz sees “irrationally exhuberant” market; Goldman’s CIT loan talks; More private bankers for JPM; Nomura doubling US headcount; SocGen doing a rights offer; Fed’s Fisher sees double dip unlikely; Gold keeps chugging upward; Chrysler’s management upheavals; Holiday retail sales gonna suck?

Posted by WSF On October - 6 - 2009
  • One-Third of Wall Street Workers Expect Bigger Bonus This Year
  • Pay Czar Targets Salary Cuts
  • Stiglitz Says Markets ‘Irrationally Exuberant’ About Recovery
  • Goldman Sachs In Talks With CIT On $3B Loan
  • JPMorgan U.S. private bank to add jobs
  • Nomura to double headcount in the US
  • SocGen sets rights issue to repay state, make buys
  • Fed’s Fisher Says U.S. Probably Won’t Face Double-Dip Recession Read the rest of this entry »

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WSF

Warren Buffett loves his Chinese tailor; Goldman Sachs’ ‘embarrassing’ riches?’; 300-ish Credit Suisse bankers could bank large; Citigroup cutting back branch banking footprint?; California sell$8.8B debt sale a success; Citadel credit business expanding next month; Blackstone’s Jenkins says PE ain’t dead and will “thrive”; Nomura’s $5.6B stock sale

Posted by WSF On September - 24 - 2009
  • Omaha’s Oracle of Style Sings the Praises of a Chinese Suit
  • ‘Damage’ control
  • Credit Suisse bankers poised for pay-out
  • Citigroup Will Pare Back to Six Major U.S. Cities
  • Griffin’s Citadel Securities to Unveil Credit Team in October
  • California sees big demand for $8.8 billion in short-term debt
  • Blackstone’s Jenkins Says Buyout Firms to Thrive, Debt Limited Read the rest of this entry »

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Goldman Sachs, Hedge funds, WSF

Cerberus says they’re not defaulting despite chatter; Och-Ziff and Bain will charge performance fees in 2010 even if they’re not above their high water marks; Barclays’ Lehman buy paying off in bond research rankings; Nomura on the impending commercial retail collapse; $4B pulled from HSBC hedge funds

Posted by WSF On September - 2 - 2009

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Barclays, Fees, Hedge funds, WSF

More Goldman Sachs love from Maxine Waters, Ron Paul as they question the Fed in a letter; Michael Lewis on Goldman bashing; Loan officer claims Dodd knew he got ‘friend of Angelo deal; SEC short sale rules; UBS suspending U.S. sales of leveraged ETFs; Japan banks on the wrong side of CDS trades; $165B commercial loans coming due; Kerviel’s lawyer reaffirms that SocGen knew of his ‘rogue’ trades; Pang pleads not guilty; Delphi creditors win

Posted by WSF On July - 28 - 2009
  • Congress Debates Onus For Goldman Bonus
  • Bashing Goldman Sachs Is Simply a Game for Fools: Michael Lewis
  • Loan Officer: Dodd Knew He Got VIP Deal
  • SEC Moves To Limit Short Sales Of Stocks
  • UBS Brokerage Suspends U.S. Sales of Leveraged ETFs
  • Nomura May Report First Profit Since 2007, Led by Trading
  • Almost $165 Billion in Commercial Loans Due in ‘09
  • Kerviel Lawyer Says SocGen Knew of Trading Positions Read the rest of this entry »

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WSF

Spend, spend, spend! Obama adviser suggests more stimulus; Has Sheila Bair overstepped?; Friday deadline — Banks balk at California IOU’s; CFTC considering tighter rules on speculation?; Nomura has lofty sights; High Yield’s best returns over?; AIG: Greenberg’s a liar!; Speed of GM, Chrysler bankruptcies shocks; Soggy June retail sales?

Posted by WSF On July - 7 - 2009
  • Obama Adviser Says U.S. Should Mull Second Stimulus
  • Not the Bair Minimum
  • Big Banks Don’t Want California’s IOUs
  • Regulator may tighten rules on commodities speculation
  • Nomura has Lehman’s old crown in sight
  • High-Yield Heyday Has Mostly Passed Read the rest of this entry »

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WSF

Like Morgan Stanley and UBS, Citigroup and B of A expected to raise bases ($MS,$C,$BAC); Though criticized, UBS staying the course with market level pay; The return of structured products; Nomura’s rating cut; NY pension slashes FOF stakes

Posted by WSF On May - 27 - 2009

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Hedge funds, WSF

Liquidating Highland Crusader Fund’s investors feud over who gets paid first — should early redeemers have the edge?; Marc Lasry’s Avenue looking to sell leveraged loan unit?; Crispin Odey sees possible signs of a new bull mkt; Nomura inv banking cuts

Posted by WSF On April - 16 - 2009

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Hedge funds

More job cuts: Nomura laying off 1,000 in London; CNBC may fire 80 staffers; Jefferies laying off 300

Posted by WSF On December - 4 - 2008

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CNBC, Revolving Door

More gloom and doom for the buyout boom; Blackstone hit a homerun in EOP by quick flipping properties but has the dubious distinction of having the 2nd stinkiest IPO so far this year; After losses Nomura may say no-more-a to US residential mortgage market

Posted by WSF On July - 26 - 2007
  • Private equity in Europe has ‘passed its peak’
  • Debt problems may signal end of buy-out boom
  • Blackstone’s Slick Flip
  • Blackstone Stock’s Slide Makes It Second-Worst IPO
  • Nomura hit by US subprime exposure

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Uncategorized

Trader says No-more-a to Nomura and files suit to get £7.5 million in bonuses he says he’s owed

Posted by WSF On September - 4 - 2006

A London bond trader, Luis Marti-Sanchez, has filed suit against Nomura, claiming that he’s owed over £7.5 million in bonuses.  And it sounds like he’s just the first one to file — more Nomura employees may also be taking legal action over their bonuses….

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