tag:blogger.com,1999:blog-73982247145862231542024-03-13T06:15:59.750-04:00Trading eventsUnknownnoreply@blogger.comBlogger59125tag:blogger.com,1999:blog-7398224714586223154.post-82227877717393704222012-01-10T06:26:00.001-05:002012-01-10T06:27:15.665-05:00Banks considering pay freeze for junior bankers<span style="font-family: Verdana, sans-serif;">According to <a href="http://www.bloomberg.com/news/2012-01-09/wall-street-firms-said-to-weigh-freezing-pay-increases-for-junior-bankers.html"><span style="color: red;">Bloomberg</span></a>, banks are considering freezing the pay of junior bankers. As bankers progress through the ranks of analyst, associate, and vice presidents an annual increase has been the norm. Credit Suisse (<a href="http://www.bloomberg.com/quote/CSGN:VX"><span style="color: red;">CSGN</span></a>) is supposedly the first to test against the norm. Others are watching to see if Goldman (<a href="http://www.bloomberg.com/quote/GS:US"><span style="color: red;">GS</span></a>) and JP Morgan Chase (<a href="http://www.bloomberg.com/quote/JPM:US"><span style="color: red;">JPM</span></a>) will follow. </span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7398224714586223154.post-69832448640348580412012-01-04T10:06:00.000-05:002012-01-04T10:06:29.917-05:00Niall Ferguson - Ascent of Money Pt 6<span style="background-color: white; color: #666666; font-family: Verdana, sans-serif; line-height: 18px;">Stumbled onto this little gem. Worth a watch.</span>
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<span style="background-color: white; color: #666666; font-family: Verdana, sans-serif; line-height: 18px;"><br /></span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7398224714586223154.post-3727507770188532222012-01-03T03:53:00.000-05:002012-01-03T03:53:59.567-05:00Niall Ferguson - Ascent of Money Pt 5<span style="background-color: white; color: #666666; font-family: Verdana, sans-serif; line-height: 18px;">Stumbled onto this little gem. Worth a watch.</span>
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<span style="background-color: white; color: #666666; font-family: Verdana, sans-serif; line-height: 18px;"><br /></span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7398224714586223154.post-57354885219251750742012-01-02T06:16:00.000-05:002012-01-02T06:16:51.103-05:00Niall Ferguson - Ascent of Money Pt 4<span style="background-color: white; color: #666666; font-family: Verdana, sans-serif; line-height: 18px;">Stumbled onto this little gem. Worth a watch.</span>
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<span style="background-color: white; color: #666666; font-family: Verdana, sans-serif; line-height: 18px;"><br /></span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7398224714586223154.post-43099761033033564052012-01-01T06:15:00.000-05:002012-01-01T06:15:27.665-05:00Niall Ferguson - Ascent of Money Pt 3<span style="background-color: white; color: #666666; line-height: 18px;"><span style="font-family: Verdana, sans-serif;">Stumbled onto this little gem. Worth a watch.</span></span>
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<span style="font-family: Verdana, sans-serif;"><a href="http://www.edwardgreen.co.uk/index.php?option=news_full&news_id=127">http://www.edwardgreen.co.uk/index.php?option=news_full&news_id=127</a></span><br />
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<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7398224714586223154.post-13732955782494129632011-12-31T04:15:00.000-05:002011-12-31T04:15:55.497-05:00Niall Ferguson - Ascent of Money Pt 2<span style="background-color: white; color: #666666; font-family: Verdana, sans-serif; line-height: 18px;">Stumbled onto this little gem. Worth a watch.</span>
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<span style="background-color: white;"><a href="http://www.nypost.com/p/pagesix/parties_high_bar_hnNHG3a85TrmiVmoXP5ohP"><span style="color: red; font-family: Verdana, sans-serif;">Event Week 2011/2012 in St Bart's</span></a></span><br />
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<span style="background-color: white;"><a href="http://www.nypost.com/p/pagesix/nude_frolic_in_tycoon_pool_S8t8KXKG1IeGFSDtN6Xm9M"><span style="color: red; font-family: Verdana, sans-serif;">Bridgehampton</span></a></span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7398224714586223154.post-87122703553949820922011-12-30T09:11:00.000-05:002011-12-30T09:11:42.941-05:00Niall Ferguson - Ascent of Money Pt 1Stumbled onto this little gem. Worth a watch.<br />
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<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7398224714586223154.post-54417635371229104232011-12-30T09:01:00.001-05:002011-12-30T09:02:26.618-05:00Is Evercore branching out?<span style="font-family: Verdana, sans-serif;"><a href="http://www.evercore.com/"><span style="color: red;">Evercore</span></a> (<a href="http://www.nyse.com/about/listed/quickquote.html?ticker=evr"><span style="color: red;">EVR</span></a>) is primarily an investment banking advisory, they have recently purchased a <a href="http://www.altassets.net/private-equity-news/by-news-type/deal-news/evercore-buys-minority-stake-in-global-hedge-fund-of-funds-abs.html"><span style="color: red;">45% stake in fund of hedge funds, ABS</span></a>. Previously they had taken a minority interest in <a href="http://www.altassets.net/private-equity-news/evercore-partners-takes-stake-in-former-lehman-pe-firm-trilantic.html"><span style="color: red;">Trilantic Capital, the Lehman Brothers spin-out</span></a>.</span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7398224714586223154.post-9151376667691842882011-12-27T16:48:00.003-05:002011-12-27T16:52:34.124-05:00Morgan Stanley: 580 layoffs may come from NYC<span style="font-family: Verdana, sans-serif;">Today Bloomberg reported that Morgan Stanley (<a href="http://www.google.com/finance?cid=660479"><span style="color: red;">MS</span></a>) announced <a href="http://www.bloomberg.com/news/2011-12-27/morgan-stanley-may-cut-580-jobs-in-new-york-city-filing-shows.html"><span style="color: red;">580</span></a> of the 1600 layoffs <a href="http://tradingevents.blogspot.com/2011/12/morgan-stanley-to-layoff-1600.html"><span style="color: red;">announced last month</span></a> may come from NYC. </span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7398224714586223154.post-51727122878697330972011-12-27T11:05:00.000-05:002011-12-27T11:05:30.944-05:00Fortress CEO taking leaveAccording to <a href="http://www.reuters.com/article/2011/12/21/us-fortress-mudd-idUSTRE7BK16R20111221"><span style="color: red;">Reuters</span></a>, <a href="http://en.wikipedia.org/wiki/Daniel_Mudd"><span style="color: red;">Daniel Mudd</span></a>, Head of <a href="http://www.fortressinv.com/"><span style="color: red;">Fortress Investment Group</span></a> (<a href="http://www.reuters.com/finance/stocks/overview?symbol=FIG.N"><span style="color: red;">FIG</span></a>) and former CEO of Fannie Mae, will take leave in the wake of SEC investigations into Fannie Mae (<a href="http://www.google.com/finance?cid=12885"><span style="color: red;">FNMA</span></a>) and Freddie Mac (<a href="http://www.google.com/finance?cid=12896"><span style="color: red;">FMCC</span></a>).Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7398224714586223154.post-28333112895710902552011-12-27T09:55:00.000-05:002011-12-27T09:55:29.741-05:00BofA mulls selling ML?Just saw the rumor on Bloomberg, but no link yet. They are looking at selling assets to meet new capital requirements. But it has been <a href="http://www.fiercefinance.com/story/bank-america-might-ponder-merrill-lynch-sale/2011-07-28"><span style="color: red;">rumored</span></a> for sometime.<br />
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BofA (<a href="http://www.google.com/finance?cid=662744"><span style="color: red;">BAC</span></a>)Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7398224714586223154.post-2638424854428565082011-12-24T08:52:00.000-05:002011-12-24T08:52:15.523-05:00The Rockefellers Documentary<div class="separator" style="clear: both; text-align: center;">
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<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7398224714586223154.post-60523730918115786792011-12-24T08:43:00.000-05:002011-12-24T08:43:03.093-05:00Lenovo thinkpads<span style="font-family: Verdana, sans-serif;">Thinkpads are the solutions leading enterprises use across the world. High-performance and reliability typifies the machines. </span><br />
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<span style="font-family: Verdana, sans-serif;"><object classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://fpdownload.macromedia.com/get/flashplayer/current/swflash.cab" height="280px" id="Player_3a058f94-c941-4c21-8b90-8b6d2d4e5278" width="336px"> <param NAME="movie" VALUE="http://ws.amazon.com/widgets/q?rt=tf_ssw&ServiceVersion=20070822&MarketPlace=US&ID=V20070822%2FUS%2Ftradingevents-20%2F8003%2F3a058f94-c941-4c21-8b90-8b6d2d4e5278&Operation=GetDisplayTemplate">
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<embed src="http://ws.amazon.com/widgets/q?rt=tf_ssw&ServiceVersion=20070822&MarketPlace=US&ID=V20070822%2FUS%2Ftradingevents-20%2F8003%2F3a058f94-c941-4c21-8b90-8b6d2d4e5278&Operation=GetDisplayTemplate" id="Player_3a058f94-c941-4c21-8b90-8b6d2d4e5278" quality="high" bgcolor="#ffffff" name="Player_3a058f94-c941-4c21-8b90-8b6d2d4e5278" allowscriptaccess="always" type="application/x-shockwave-flash" align="middle" height="280px" width="336px"></embed></OBJECT></span> <noscript>&amp;amp;lt;A HREF="http://ws.amazon.com/widgets/q?rt=tf_ssw&amp;amp;amp;ServiceVersion=20070822&amp;amp;amp;MarketPlace=US&amp;amp;amp;ID=V20070822%2FUS%2Ftradingevents-20%2F8003%2F3a058f94-c941-4c21-8b90-8b6d2d4e5278&amp;amp;amp;Operation=NoScript"&amp;amp;gt;Amazon.com Widgets&amp;amp;lt;/A&amp;amp;gt;</noscript>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7398224714586223154.post-53007082180001492302011-12-24T08:27:00.002-05:002011-12-24T08:27:55.011-05:00PEI 2010 Awards<span style="font-family: Verdana, sans-serif;">For those of you not familiar with the private equity industry. PEI announced a awards for best performers by category and region. It's a good way to become acquainted with the names. </span><br />
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<a href="http://www.privateequityinternational.com/Pages.aspx?pageID=3096"><span style="color: red; font-family: Verdana, sans-serif;">PEI 2010 Awards</span></a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7398224714586223154.post-67659143279926803292011-12-21T01:32:00.002-05:002011-12-21T01:36:37.086-05:00Incentive for top executives and salesmen<div class="separator" style="clear: both; text-align: left;">
<span style="font-family: Verdana, sans-serif;">Ergo (division of Munich Re) has given their top salesmen and executives an orgy in a Budapest spa as reward. There were approximately 100 men from Ergo (mostly old guys) and 20 prostitutes. The prostitutes wore colored armbands to signify their availability. Some were exclusive only for "higher performers" and executives. But with a particular German twist, each prostitute was stamped on the arm for each time they serviced a client. </span></div>
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<a href="http://www.dailymail.co.uk/news/article-1388732/Insurance-salesmen-bonus-orgy-high-class-prostitutes-open-air-spa.html"><span style="color: red; font-family: Verdana, sans-serif;">Dailymail</span></a><br />
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<a href="http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/insurance/8524688/Insurance-giant-Munich-Re-admits-it-used-prostitutes-to-reward-staff.html"><span style="color: red; font-family: Verdana, sans-serif;">Telegraph</span></a><br />
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7398224714586223154.post-38636824777553585752011-12-19T18:48:00.000-05:002011-12-19T18:48:42.439-05:00The House Of Rothschild - The Money's ProphetsInteresting documentary of the Rothschild dynasty:<br />
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<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7398224714586223154.post-73341185745587404312011-12-19T13:29:00.000-05:002011-12-19T13:29:17.399-05:00BBC Documentary: When Bankers Were Good<div class="separator" style="clear: both; text-align: center;">
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<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7398224714586223154.post-29068399509972945792011-12-19T13:23:00.000-05:002011-12-19T13:23:52.037-05:00RBS Considering Closure of Equities Business<span style="font-family: Verdana, sans-serif;">According to <a href="http://bloomberg.com/"><span style="color: red;">Bloomberg</span></a>, <span style="line-height: 1.3em;"><a href="http://www.bloomberg.com/news/2011-12-18/rbs-hires-mckinsey-may-cut-half-of-its-investment-bank-telegraph-says.html"><span style="color: red;">RBS Considering Closure of Equities Business</span></a>. </span></span><br />
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<span style="font-family: Verdana, sans-serif;">Key facts:</span></div>
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<span style="font-family: Verdana, sans-serif;">options are to sell or shut the division</span></div>
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<span style="font-family: Verdana, sans-serif;">about 1000 people in the unit</span></div>
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<span style="font-family: Verdana, sans-serif;">why? to shrink the investment bank</span></div>
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<span style="font-family: Verdana, sans-serif;">upcoming regulatory change </span></div>
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<span style="font-family: Verdana, sans-serif;">83% state-owned bank</span></div>
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<span style="font-family: Verdana, sans-serif;">Investment banking unit employs 19,000</span></div>
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<span style="font-family: Verdana, sans-serif;">30,000 jobs cut since bailout</span></div>
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<span style="font-family: Verdana, sans-serif;">2,000 further job cuts announced</span></div>
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<span style="font-family: Verdana, sans-serif;">final decision has not been made</span></div>
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<span style="line-height: 24px;"><span style="font-family: Verdana, sans-serif;">UK Chancellor of the Exchequer <a href="http://en.wikipedia.org/wiki/George_Osborne">George Osborne</a>: </span></span></div>
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<span style="font-family: Verdana, sans-serif;"><span style="line-height: 24px;">"Investment banking will continue to support RBS’ corporate lending business,” Osborne said. “RBS will make further significant reductions in the investment bank, scaling back riskier activities that are heavy users of capital or funding.”</span></span></div>
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<br /></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7398224714586223154.post-18144063869913033682011-12-16T12:36:00.000-05:002011-12-16T12:36:09.167-05:00Recommended Macroeconomic books<OBJECT classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://fpdownload.macromedia.com/get/flashplayer/current/swflash.cab" id="Player_44eaef55-4332-4b9a-ad03-a68e56e66b05" WIDTH="300px" HEIGHT="250px"> <PARAM NAME="movie" VALUE="http://ws.amazon.com/widgets/q?rt=tf_ssw&ServiceVersion=20070822&MarketPlace=US&ID=V20070822%2FUS%2Ftradingevents-20%2F8003%2F44eaef55-4332-4b9a-ad03-a68e56e66b05&Operation=GetDisplayTemplate"><PARAM NAME="quality" VALUE="high"><PARAM NAME="bgcolor" VALUE="#FFFFFF"><PARAM NAME="allowscriptaccess" VALUE="always"><embed src="http://ws.amazon.com/widgets/q?rt=tf_ssw&ServiceVersion=20070822&MarketPlace=US&ID=V20070822%2FUS%2Ftradingevents-20%2F8003%2F44eaef55-4332-4b9a-ad03-a68e56e66b05&Operation=GetDisplayTemplate" id="Player_44eaef55-4332-4b9a-ad03-a68e56e66b05" quality="high" bgcolor="#ffffff" name="Player_44eaef55-4332-4b9a-ad03-a68e56e66b05" allowscriptaccess="always" type="application/x-shockwave-flash" align="middle" height="250px" width="300px"></embed></OBJECT> <NOSCRIPT><A HREF="http://ws.amazon.com/widgets/q?rt=tf_ssw&ServiceVersion=20070822&MarketPlace=US&ID=V20070822%2FUS%2Ftradingevents-20%2F8003%2F44eaef55-4332-4b9a-ad03-a68e56e66b05&Operation=NoScript">Amazon.com Widgets</A></NOSCRIPT>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7398224714586223154.post-5527880755166377442011-12-16T11:57:00.004-05:002011-12-16T20:53:29.181-05:00Lloyds' boss takes off 6 weeks to fight stress<span style="color: #101010; font-family: arial, helvetica, sans-serif;"><span style="font-size: 15px; line-height: 20px;">Lloyds' boss, </span></span><span style="background-color: white; color: #101010; font-family: arial, helvetica, sans-serif; font-size: 15px; line-height: 20px; text-align: left;">Antonio Horta-Osorio,</span><span style="font-family: arial, helvetica, sans-serif; font-size: 15px; line-height: 20px;"><span style="color: #101010;"> takes off 6 weeks to fight stress. </span></span><br />
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<span style="color: red; font-family: arial, helvetica, sans-serif; font-size: 15px; line-height: 20px;"><a href="http://www.thesun.co.uk/sol/homepage/news/money/4001795/Lloyds-boss-I-am-human.html">See his story in the Sun</a>.</span><br />
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<span style="color: red; font-family: arial, helvetica, sans-serif; font-size: 15px; line-height: 20px;"><a href="http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8959785/Antonio-Horta-Osorio-the-bank-chief-who-just-could-not-switch-off.html">See this story in the Telegraph</a></span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7398224714586223154.post-7862386756912579112011-12-16T11:44:00.002-05:002011-12-16T11:48:38.323-05:00Zynga IPOs today<span style="font-family: Verdana, sans-serif;"><a href="http://money.cnn.com/quote/quote.html?symb=ZNGA&source=story_quote_link"><span style="color: red;">ZNGA</span></a> IPO priced at $10 giving it a valuation of $7B. It is the largest tech IPO since Google. It opened at $11 and is now <a href="http://money.cnn.com/2011/12/16/technology/zynga_ipo/"><span style="color: red;">sinking</span></a>. </span><br />
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<span id="goog_710882402"></span><span id="goog_710882403"></span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7398224714586223154.post-50673401279432187362011-12-16T11:37:00.001-05:002011-12-16T11:38:34.694-05:00Better to be French than British?<br />
<span style="font-family: Verdana, sans-serif;">France's finance minister <a href="http://en.wikipedia.org/wiki/Fran%C3%A7ois_Baroin"><span style="color: red;">Francois Baroin</span></a> has said, '<a href="http://www.telegraph.co.uk/finance/financialcrisis/8960403/Frances-finance-minister-Francois-Baroin-Its-better-to-be-French-than-British.html"><span style="color: red;">It's better to be French than British</span></a>'. He believes the British credit ratings should be lowered ahead of France as France is supposedly in a better shape. What do you believe? Is it just gamesmanship? </span><br />
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<span style="font-family: Verdana, sans-serif;">In other news, France is believed to be heading towards a <a href="http://www.google.com/hostednews/afp/article/ALeqM5g8MexGUG3lQzTwmDSZ83gJ5vnEFw?docId=CNG.4c1670f74c09360341372131905e778e.231"><span style="color: red;">recession</span></a> according to the <a href="http://www.insee.fr/en/default.asp"><span style="color: red;">INSEE</span></a>. It will most likely affect Sarkozy's re-election bid. </span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7398224714586223154.post-69856983813845192262011-12-16T11:16:00.000-05:002011-12-16T11:16:15.508-05:00Credit Agricole sells PE unit<span style="font-family: Verdana, sans-serif;">France's second largest bank by assets, <a href="http://www.bloomberg.com/news/2011-12-16/credit-agricole-sells-private-equity-unit-to-coller-capital.html"><span style="color: red;">Credit Agricole</span></a>, is selling its private equity unit to Coller Capital for an undisclosed amount. It is expected to reduce its risk-weighted assets by $1.2B ahead of upcoming regulations. </span><br />
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<span style="font-family: Verdana, sans-serif;">Additionally as part of its restructuring effort, it recently announced a 2350 job cut in its investment banking and consumer finance units. </span>Unknownnoreply@blogger.com0