Wall Street Folly

Obama administration’s mortgage loan modification program isn’t as successful as they’d have you believe; Dubai World holders might not want to hold their breath for their recoveries — it could take 9 years; Moore Capital’s Louis Bacon is in the spotlight as one of his traders is targeted in UK insider trading probe; Soros bought Lehman claims from Goldman

Posted by WSF On March - 24 - 2010
  • White House Inflates success of Loan Program, Watchdog Says
  • Dubai World creditors face nine-year wait for their cash
  • Financier Is Pulled Back Into Focus
  • Deutsche Bank, Moore Capital Workers Probed on Insider Trading
  • Soros Buys $38 Million in Lehman Claims From Goldman Read the rest of this entry »

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WSF

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

Gordon Gekko inspiration Asher Edelman is no longer a corporate raider — he’s focusing on the art market; $GS Greece: Goldman Sachs to the rescue!; London mayor sees no banker stampede through the exit doors, at least not yet

Posted by WSF On January - 29 - 2010
  • The Art World’s Gordon Gekko
  • Goldman Sachs plays key role in rescue
  • London Mayor: Seeing No Stampede Of Bankers From London Read the rest of this entry »

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Activists, Goldman Sachs

Bernanke confirmation still a squeaker but White House is confident; Davos bankers vs Obama; UK’s Darling opposes Obama’s bank breakup plan; Goldman said to be limiting UK partners compensation; Barclays deferring top bonuses; More NY Fed / AIG controversy; Wal-Mart cutting 11K Sam’s club jobs, Tishman giving up on Stuyvesant Town; Avatar closing in on top grossing film

Posted by WSF On January - 25 - 2010
  • White House Is Confident Bernanke Will Be Confirmed
  • Davos bankers to lobby against Obama reforms
  • Darling reveals frustration over Obama bank plan
  • Goldman Said to Limit London Partners’ Compensation
  • Barclays to defer all top bonuses
  • AIG Analysis Reveals Bank Discussions
  • Wal-Mart to cut 11,200 jobs at Sam’s Club stores
  • Tishman Venture Gives Up Stuyvesant Project
  • Cameron’s ‘Avatar’ Becomes 2nd-Highest Grossing Movie Read the rest of this entry »

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AIG, Barack Obama, Barclays, Ben Bernanke, Bonuses, Compensation, Economy, Fed, Goldman Sachs, Real Estate, Revolving Door

Massachusetts Senate vote upset in the making? Turnout is key; Bonuses for Credit Suisse Senior UK managers getting hit by UK tax; Banks divided over new Obama tax, legal fight possible; Citigroup Earnings fail to impress; AIG looking to lower bonus payments; Berkshire Hathaway Baby B’s may soon more affordable; Warren Buffett’s Berkshire stake now below 25%; Kraft and Cadbury in a now friendly deal; Conan O’Brien said to be nearing $40M deal to leave, zip lip

Posted by WSF On January - 19 - 2010
  • Turnout Is Key in Massachusetts Battle
  • Credit Suisse Cuts Bonus Pool to Spread Costs From U.K. Taxes
  • Wall Street May Seek to Sway Congress by Hiring Top Lawyer
  • US investment banks divided over levy
  • Citigroup Reports 2009 Full Year Managed Revenues(1) of $91.1 Billion and Expenses of $47.8 Billion
  • AIG Tries to Defuse Bonus Pay Showdown
  • Berkshire Nears Smaller Baby Bs
  • Buffett Cuts Berkshire Stake Below 25% on Rail Deal, Charity Read the rest of this entry »

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AIG, Bankruptcy, Banks, Barack Obama, Bonuses, Citigroup, Compensation, Credit Suisse, Politics, WSF, Warren Buffett

UK bankers facing windfall tax on bonuses (which of course will drive bankers and capital out of the UK); Citi naturally wants out of TARP asap; Jamie Dimon’s bets right on warrant auction; Kuwait sells Citi stake for a fat profit; Senior AIG execs threaten to walk over pay; TCW ousts their CIO

Posted by WSF On December - 7 - 2009
  • Darling lines up assault on bonuses
  • Pre-Budget Report: Darling plans windfall tax on bank bonuses
  • Banks criticise plans for windfall tax on bonuses
  • Estimated TARP Cost Is Cut by $200 Billion
  • Citigroup in race to repay bail-out funds
  • Dimon Guesses Right on Warrant Pricing
  • Kuwait sells Citigroup stake for $4.1 billion
  • Fresh Pay Skirmish Erupts at AIG Read the rest of this entry »

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AIG, Bonuses, Citigroup, Compensation, JPM Chase, Jamie Dimon

Large banks losing clout in D.C.; Blackstone having trouble raising $$$ for new LBO fund?; Barclays chairman warns on perils of over regulation; Credit Suisse selling Canary Wharf building; Oil sets one year high and backs off; London real estate getting jiggy again; Nobel chairman taking heat; Jay Leno not helping NBC affiliates

Posted by WSF On October - 19 - 2009
  • Big financial firms losing power on Capitol Hill
  • Fade to blackstone
  • Barclays chief warns on regulation
  • Credit Suisse to sell Canary Wharf building
  • Crude Oil Retreats After Reaching One-Year High Above $79
  • CBOE Takeover May Have to Wait for Settlement of Ownership Suit
  • London Agents ‘Sold Out’ as Home Asking Prices Jump to Record Read the rest of this entry »

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WSF

Some hedge funds seeing writing on the wall and cutting fees; Big UK hedge fund money in revolt threatening mass exodus to tax havens; Speaking of mass exodus, 50 Dresdner Kleinwort equity staffers have jumped ship

Posted by WSF On May - 11 - 2009

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Fees, Hedge funds, Revolving Door, Taxes, WSF

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