Blog Profile / Dealbreaker
| URL : | http://dealbreaker.com/ | |
|---|---|---|
| Filed Under: | Business & Finance / Investing | |
| Posts on Regator: | 15342 | |
| Posts / Week: | 56.5 | |
| Archived Since: | April 7, 2008 | |
Blog Post Archive
Write-Offs: 06.19.13
$$$ Fed Brightens Recovery View as Bernanke Sets Stage to End Bond Buys [WSJ] $$$ Weak Bond Trading at Jefferies Prompts Wider Concern [Dealbook] $$$ SandRidge CEO Ousted Following Probe [WSJ] $$$ Jay-Z Gets NBA Union Approval to Negotiate...Show More Summary
UK Considering Taking An Ax To RBS
The British government is considering breaking up Royal Bank of Scotland Group, the country’s Treasury chief said Wednesday, a potentially radical move that underscores policy makers’ mounting frustration with their inability to arrest a five-year banking crisis. Show More Summary
Banks Not Exactly Living Up To Terms Of Mortgage Settlement No Reason To Think That Said Settlement Isn’t Working, Settlement Authors Say
It seems that a few boutique mortgage lenders are playing a little fast and loose with the rules they agreed to follow when they agreed to pay $25 billion to get the government to leave them alone. Joseph A. Smith said Wednesday that Bank of America Corp., J.P. Show More Summary
Should Ben Bernanke Take Over As CEO Of Men’s Wearhouse?
It’s a legitimate question and when legitimate questions need answering, there is no group of people more fit to answer them than the Dealbreaker community. So let’s get right to it. The facts: Ben Bernanke’s second term as Chairman of the Federal Reserve ends on January 31, 2014. Show More Summary
Let’s Talk About: Putting Banksters In Prison
A bank is basically a collection of thousands of random variables, squirming around. Sometimes they squirm themselves over a boundary beyond which the assets are worth less than the liabilities, or whatever, and then your bank fails....Show More Summary
Swiss Indicate To US They Do Wanna Play Hardball
Swiss parliament rejected a bill designed to resolve a dispute over undeclared bank accounts held by U.S. citizens, potentially setting the stage for American prosecution of the country’s banks. Members of parliament’s lower house voted 123 to 63 against the bill, which would have allowed Swiss banks to cooperate with the U.S. Show More Summary
Mervyn King Going Out With Both Middle Fingers Fully Extended
The soon-to-be-former Bank of England governor’s got a lot of problems with your people. And now, you’re gonna hear about it. Again. Bank of England Governor Mervyn King will return to the scene of some of his most acidic public encounters...Show More Summary
Giant Bond Manager Sick Of Keeping Track Of All These Bonds
BlackRock’s paper-issuing arm issued a pretty interesting paper this week on bond standardization.1 Basically: there are a lotta bonds, and none of them trade and it’s impossible to get the size you want of the bond you want, and this...Show More Summary
Hedge Fund Managers Didn’t Know They Were Paying For Their Inside Information
You’re only guilty of criminal insider trading, in America,1 if: you trade on information that is material and nonpublic, and some other stuff. The other stuff is mostly stuff that only a lawyer could love, but man do they love it. It...Show More Summary
There Will Be No More Of This ‘Without Admitting Or Denying Guilt’ Business On New SEC Chief’s Watch
Well, technically there’ll be some, but a lot fewer instances than in the past. Don’t do the crime if you can’t do the can’t do the time and admit publicly to [circle all that apply] insider trading/running a fake hedge fund/blowing investor money at T.G.I. Show More Summary
Opening Bell: 06.19.13
Fed May Not Be Able to Tame Volatile Trading (CNBC) After weeks of speculation about whether the Fed will or will not clarify its position on quantitative easing, traders are handicapping the outcome of the Fed’s two-day meeting andShow More Summary
Write-Offs: 06.18.13
$$$ Rigged-Benchmark Probes Proliferate From Singapore to UK [Bloomberg] $$$ Bill Ackman attacked a recent survey that Herbalife says refutes allegations that it is a pyramid scheme and reiterated his call for an investigation of the company. Show More Summary
SEC Official: Actually, The Scoreboard Reads Computers: 1, Homo Sapiens: Next Stop, Endangered Species List
Contrary to some people’s beliefs. Concern that American stock markets have become more susceptible to split-second crashes due to computerization isn’t supported by the data, a Securities and Exchange Commission official said. Most “mini-flash crashes,” a term sometimes applied when an individual U.S. Show More Summary
Perusal Of Dusty Old Law Book Pays Off For N.Y. Regulator
Bank consulting is a cushy, lucrative business, what with all of the handsome fees and the total lack of supervision to ensure that you are doing your job well. Or at all. Unfortunately for those of you who work in New York, Benjamin...Show More Summary
Charlie Gasparino Could See Tim Geithner Running The Fed
“There is a lot of talk about who might be the next Fed chairman. Larry Fink is saying it could be Timothy Geithner. He’s not a bad choice, he ran the Treasury Department and BlackRock is very close to the Treasury Department. Fink is...Show More Summary
Carl Icahn Does Another Dell Thing
Carl Icahn seems to have a lot of fun. Today he wrote a crazy letter to Dell shareholders that opens this way: We take this opportunity to respond to rumors regarding the availability of financing for our proposal for a recapitalization...Show More Summary
U.S. Hedge Funds Swarming Tim Hortons In A Way That U.S. Customers Never Did
Scout Capital Management joins Highfields Capital Management to badger the coffee and confectionary pride of Canada. U.S. hedge fund Scout Capital Management disclosed on Monday that it has raised its stake in the Canadian chain to 5.5 percent, up from about 1.5 percent as of the end of March. Show More Summary
It’s A Slippery Slope From Bitching To A Friend About Not Getting Skinny Fast Enough On A Company’s Weight Loss Shakes To Passing Material Non-Public Information About Said Company To Said Friend, Scott London Can Tell You That Much
CNBC: How did this happen? London: Oh, just through discussions and dinner and so forth…I might say something casual about frustrations at a certain client…and other individual traded off that, unbeknownst to me. And then he broughtShow More Summary
Pretending A P.O. Box Is Your Bank Isn’t Working Anymore
Take heed, evil-doers: The Feds (and your accountant) are on to the whole “get yourself a P.O. box and tell your service providers it’s the bank’s” con. A North Carolina hedge fund manager used a personal post-office box and forged bank...Show More Summary
Dan Loeb Unsure Sony Heard Him The First Time
It’s remains a unclear to the hedge fund why it must offer itself up for a seat on the board more than once but the universe works in mysterious ways. So Third Point is just going to put it out there again, if Mr. Hirai likes it, he can take it, if he doesn’t, send… Continue reading » Follow Dealbreaker on Twitter or become a fan on Facebook. Show More Summary