Speaking at Fortune’s Most Powerful Women Summit, Goldman’s Lloyd Blankfein said he sees Warren Buffett a source of “wise counsel to policymakers” and told the Oracle of Omaha to “keep taking my calls.”Clearly September annihilated hedge fund returns.
The nation’s big banks could see billions in increased costs if the Federal Housing Administration issues fines on insurance claims that result from soured mortgages, FBR Capital Markets said this week.
Douglas Grossberg, a Credit Suisse Group loan trader who helped create a market for derivatives tied to the debt, left the Swiss bank last month even though it hasn’t been publicly announced.
Galleon founder Raj Rajaratnam, who’s been convicted of insider trading, is expected to plead to a judge today that he doesn’t deserve 25 years in prison because he only made $7.5 million from his insider trades.
The rumours circulating about a big hedge fund blow up at Salida Capital were “unfounded” the firm’s chief executive officer Courtenay Wolfe said.
Some investors who were bilked by Bernie Madoff’s ponzi scheme will start to get some of their money back.
Sen. Dick Durbin wrote a letter to Bank of America’s chief executive Brian Moynihan telling him to quit his whining about card fees and to consider giving back his $9 million bonus to customers.
Richard R. Baxter, who previously worked for Cabrera Capital Markets as head of taxable fixed income, has been named head of agency trading and will work out of Gleacher’s New York office.
Japan-based Mizuho Securities hired Yasuo Agemura from Nomura to head its global markets business.
Peter Westaway, the chief Europe economist at Nomura, has resigned.
Angela Merkel’s chief of staff, Robert Pofalla, told a CDU parliamentarian, “I can’t look at your fat face anymore. All you say is s***.”
Barclay’s latest round of cost-cutting efforts include car service and late night snacks.
Barclay’s midtown Manhattan offices had a terrorist scare this morning thanks to a suspicious vehicle parked outside the firm.
Deutsche Bank is expected to axe 500 positions mostly outside of Germany.
Ken Griffin’s main hedge funds are up 15% YTD and did not lost any money during the month of September.
Seriously!? Bank of America’s website is down for the third day.