GOSSIP: Today's Wall Street Buzz in 60 Seconds

DSK passport(not his actual passport)

Buffett is expected to co-host a fundraiser next month in New York for Obama’s re-election campaign.  The tickets could cost as much as $38,500.

JPMorgan Chase will pay $88.3 million settlement with Treasury Department over a series of transactions involving Cuba, Iran and Sudan.

Former IMF chief Dominique Strauss Kahn got his passport back.

John Paulson’s hedge fund is now down almost 40% YTD

Goldman Sachs cut base salaries for its London bankers.  The bank employees 5,500 people in London.

A study showed young bankers are disappointed with pay and their jobs.

A new book that’s set to hit shelves next month claims the disgraced ex-CEO of RBS, Sir Fred Goodwin, splurged on a private kitchen and a “pleasure dome” while the firm was headed for disaster.

An associate of Ponzi-schemer Scott Rothstein was sentenced to five years in prison.  Stephen Caputi, the associate, pretended to be a banker, a Wall Street Journal reporter and a plaintiff in a fictitious lawsuit to dupe victims.

Astronomers discovered a planet made of diamonds. Too bad it’s 4,000 light years away.

Warren Buffett said he plans to buy 50,000 preferred shares in Bank of America for $5 billion.  He was soaking in his bathtub when he dreamt up the idea.  And his BofA stake may have netted $1.4 billion in its first day. 

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