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Former Lehman MD in England “giggles a little bit” at Repo 105 Revelations

Editor — Thu, 18 Mar 2010 12:47:12 +0000

There are probably a few senior Lehmanites that feel more like crying but not all...

RBS is told to pay ex-trader £215,000

Editor — Sun, 14 Mar 2010 11:11:45 +0000

Yup. just over £215,000 plus interest

Hedge Fund Superstars Herding Into Too Big Too Fail Financial Stocks

Editor — Wed, 17 Feb 2010 13:36:39 +0000

'Too big to fail' banks seem particularly attractive these days...

Prosecutors Tell Judge To Take Former Merrill Stockbroker’s Ferrari

Editor — Wed, 17 Feb 2010 13:28:42 +0000

Because he used some of his Merrill loan money to pay for a $245,000 Ferrari

Ex-Cazenove Trader set to stand trial for insider deals

Editor — Fri, 12 Feb 2010 10:49:19 +0000

A former partner at Cazenove, the Queen’s stockbroker, who is due to stand trial on insider-dealing charges next week appeared in court for a pre-trial hearing yesterday.

“Obama Makes Bush Look Like A Genius” Marc Faber

Editor — Fri, 22 Jan 2010 13:07:15 +0000

Stocks tanked and the pundits came out...

Execution buys Noble to create ‘new force’

Editor — Fri, 18 Dec 2009 12:05:39 +0000

TRICORN Partners, the corporate finance advisory firm, is set to be taken over by Japanese investment bank Nomura.

Guy Dawson and Justin Dowley, who have been running Tricorn for seven years since leaving Merrill Lynch, will join Nomura as vice-chairmen of Europe, Middle East and Africa investment banking.

This marks a reversal of the trend for bankers to ditch large institutions in favour of smaller independent boutiques.

It is understood that part of the undisclosed acquisition price will depend on the earnings the ...

John Mack Is Stepping Down At Morgan Stanley

Editor — Fri, 11 Sep 2009 11:07:14 +0000

John Mack will step down from his position as chief of Morgan Stanley early next year, CNBC’s Charlie Gasparino reports. He will be replaced by James Gorman.

Gorman joined Morgan Stanley in 2006, to become the president and chief operating officer of the Global Wealth management Group. He has been co-president of Morgan Stanley since 2007. Prior to joining Morgan Stanley, Gorman held several senior executive positions at Merrril Lynch.

Related PostsJohn Mack’s new contract with Morgan Stanley…Morgan Stanley Chief John ...

Goldman Sachs Wins Big In $93 Billion Secret Bailout Via AIG (GS)

Editor — Tue, 17 Mar 2009 11:19:30 +0000

In case you were wondering where on earth all that money went that you shoveled into the black hole known as AIG, we now have a pretty good idea.

* $13 billion of it went to Goldman Sachs * $12 billion went to Soc Gen * $12 billion went to Deutsche Bank * $9 billion went to Barclays * $7 billion went to Merrill Lynch ...

As Lloyds Banking Group faces Nationalisation. Paulson makes $2.6Mn a minute.

Editor — Sat, 14 Feb 2009 12:45:17 +0000

John Paulson shorted Lloyds and, according to Bloomberg, may have made $2.68 million a minute over a 25-minute period this morning.

Put your calculators away: it’s $67 million. In 25 minutes.

Paulson’s good fortune came as Lloyds fell as much as 43 percent in less than 25 minutes of London trading after it said HBOS Plc, the U.K. lender it took over last month, was going to report a £10 ($14.5) billion loss.

According to Bloomberg:

“Paulson held ...