Latest News

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BBC NEWS | Business | Brown urges new banks 'contract'

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Submitted by Jan Sramek at 14:51, 7th November 2009 [more]

UK PM Gordon Brown tells a G20 summit there should be a new social contract with world banks to m...

Comments: 0, Views: 1012, Rating: 0.00.
tagged as: tags

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Will LinkedIn buy XING?

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Submitted by Jan Sramek at 17:44, 14th October 2009 [more]

Will LinkedIn buy XING? This interview with European LinkedIn MD gives some insights. Text is in ...

Comments: 0, Views: 914, Rating: 5.00.

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BBC NEWS | The Reporters | Robert Peston

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Submitted by Jan Sramek at 14:11, 21st November 2008 [more]

Visit BBC News for up-to-the-minute news, breaking news, video, audio and feature stories. BBC Ne...

Comments: 0, Views: 566, Rating: 3.00.
tagged as: bbc, bank bailout

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Europe set to slash rates as gloom deepens| Reuters

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Submitted by Jan Sramek at 11:09, 6th November 2008 [more]

LONDON/SINGAPORE (Reuters) - Europe's top central banks were under pressure to slash borrowing co...

Comments: 0, Views: 497, Rating: 4.00.
tagged as: ecb, rates decision

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'I Cried When I Had To Tell Some Of My Team They Had No Jobs'

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Submitted by Jan Sramek at 8:46, 28th October 2008 [more]

Being a line manager isn't all it's cracked up to be. I've been doing my current job for just ove...

Comments: 0, Views: 1422, Rating: 2.40.
tagged as: layoffs, firings

3.33
Restoring Functioning Markets in a Broken World

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Submitted by Jan Sramek at 8:45, 28th October 2008 [more]

Much of what has been written about the financial crisis has focused on the why, as opposed to th...

Comments: 0, Views: 492, Rating: 3.33.

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The soaring yen

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Submitted by Jan Sramek at 8:44, 28th October 2008 [more]

Back when it was fashionable to talk about the end of macroeconomic volatility, it was also commo...

Comments: 0, Views: 475, Rating: 1.50.
tagged as: yen, appreciation, soaring

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IMF Nuclear Option: Print Money

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Submitted by Jan Sramek at 8:42, 28th October 2008 [more]

Eastern Europe, Latin America, and parts of Asia are in a massive currency contagion. Talk has su...

Comments: 0, Views: 526, Rating: 3.50.

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The Great Panic of 1873

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Submitted by Jan Sramek at 8:41, 28th October 2008 [more]

Here's something you probably haven't yet read: The New York Times article (April 9, 1911) on The...

Comments: 0, Views: 522, Rating: 2.50.
tagged as: great panic, 1873

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Credit Demand and Credit Supply

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Submitted by Jan Sramek at 8:41, 28th October 2008 [more]

We all now seem to agree that credit in the United States is actually growing during this "credit...

Comments: 0, Views: 513, Rating: 1.50.

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The case for a bigger IMF

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Submitted by Jan Sramek at 8:39, 28th October 2008 [more]

The Wall Street Journal (Slater and Hilsenrath) reports that Brown Brothers Harriman estimates th...

Comments: 0, Views: 579, Rating: 1.33.

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Staffer Scores Facebook Own Goal

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Submitted by Jan Sramek at 8:39, 28th October 2008 [more]

Here's something that's been doing the rounds in the last few days. Further proof that you should...

Comments: 0, Views: 570, Rating: 0.00.

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Hedge Fund Said Drops $30m An Hour For The Last 26 Trading Days

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Submitted by Jan Sramek at 8:37, 28th October 2008 [more]

Based on the size of holdings as per a June 30th 13F filing with the Securities and Exchange Comm...

Comments: 0, Views: 550, Rating: 0.00.
tagged as: esl, eddie lampert, losses

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Report - Sensational Goldman Merger Bid Revealed

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Submitted by Jan Sramek at 8:36, 28th October 2008 [more]

The Financial Times has revealed that, in the turmoil not long after Lehman Brothers filed for ba...

Comments: 0, Views: 649, Rating: 0.00.
tagged as: goldman, citi, merger

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Lehman's $18m Amex Bill - That'll Do Nicely

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Submitted by Jan Sramek at 8:35, 28th October 2008 [more]

The Sunday Mirror reports that Lehman Brothers staff ran up an $18m American Express bill in the ...

Comments: 0, Views: 509, Rating: 0.00.
tagged as: lehman, bankruptcy

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Modern Subprime Finance, 101

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Submitted by Jan Sramek at 20:36, 10th October 2008 [more]

Nice, useful figure from The Deal on how modern finance worked to create the subprime mess, or at...

Comments: 1, Views: 1491, Rating: 3.60.

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Hedge Fund Makes Single $2.5bn Winning Trade

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Submitted by Jan Sramek at 8:21, 8th October 2008 [more]

The New York Post reports that Philip Falcone's Harbinger Capital has made a single winning bet o...

Comments: 0, Views: 1464, Rating: 2.75.

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Top Boss Says Bonuses Will Be 'Solid', But 'Smaller'

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Submitted by Jan Sramek at 8:21, 8th October 2008 [more]

Reuters reports that UBS Chairman Peter Kurer told Swiss newspaper Sonntag on Sunday that his fir...

Comments: 0, Views: 678, Rating: 4.00.
tagged as: ubs, bonuses, 2008

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Citi Sues Over Wachovia - For $60bn!

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Submitted by Jan Sramek at 8:20, 8th October 2008 [more]

Citi has filed a $60bn lawsuit against Wachovia and Wells Fargo for attempting to subvert the $2....

Comments: 0, Views: 629, Rating: 3.00.

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'Their Staff...Were Making A Lot More (Than Ours). That Won't...

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Submitted by Jan Sramek at 8:19, 8th October 2008 [more]

Bank of America CEO Ken Lewis decided it was prudent to release the bank's third-quarter earnings...

Comments: 0, Views: 566, Rating: 0.00.
tagged as: ceo, bank of america

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Goldman Share Surge - 'Someone Is Going To Get Caught'

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Submitted by Jan Sramek at 14:00, 28th September 2008 [more]

Reuters reports that an 'unusual' surge in Goldman Sachs' share price in the 10 minutes before th...

Comments: 0, Views: 1264, Rating: 3.00.
tagged as: gs, share price, deal

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Wall Street CEOs Bag $3b During Toxic Securities Build-Up

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Submitted by Jan Sramek at 13:57, 28th September 2008 [more]

Bloomberg reports that CEOs at Wall Street's top five securities house earned a staggering $3bn b...

Comments: 0, Views: 609, Rating: 0.00.

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Another Firm Cuts 1,100 Investment Banking Jobs

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Submitted by Jan Sramek at 13:56, 28th September 2008 [more]

Another Firm Cuts 1,100 Investment Banking Jobs. Business News. Reuters reports that HSBC is to c...

Comments: 0, Views: 629, Rating: 0.00.
tagged as: hsbc, jobs, cuts, layoffs

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FACTBOX: Outline of U.S. Congress' draft bailout plan

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Submitted by Jan Sramek at 13:55, 28th September 2008 [more]

(Reuters) - U.S. lawmakers pressed forward on Saturday with talks over a proposed massive financi...

Comments: 0, Views: 585, Rating: 0.00.

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U.S. reaches outline for bailout deal

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Submitted by Jan Sramek at 13:54, 28th September 2008 [more]

WASHINGTON (Reuters) - U.S. lawmakers on Sunday were set to sign off on a deal to create a $700 b...

Comments: 0, Views: 577, Rating: 0.00.

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We Don't Deserve A Bonus - We Are Not Worthy

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Submitted by Jan Sramek at 13:53, 28th September 2008 [more]

I've worked in the investment banking industry for over 20 years now. I've witnessed the vagaries...

Comments: 0, Views: 691, Rating: 0.00.

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Resurrect the Resolution Trust Corp.

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Submitted by Jan Sramek at 7:16, 18th September 2008 [more]

We are in the midst of the worst financial turmoil since the Great Depression. Absent bold action...

Comments: 0, Views: 563, Rating: 0.00.

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AIG's Non-Bailout and Nick the Knife

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Submitted by Jan Sramek at 7:15, 18th September 2008 [more]

Great quote tonight on CNBC from Dennis Gartman on the AIG non-bailout: ... I’m amused that every...

Comments: 0, Views: 621, Rating: 1.00.

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Mergers Arbs Balking at BAC/MER Deal

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Submitted by Jan Sramek at 21:48, 17th September 2008 [more]

Merger arbitrage funds are seemingly balking at the Bank of America agreement to buy Merrill Lync...

Comments: 0, Views: 683, Rating: 0.00.

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Morgan Stanley Considers Merger With Wachovia

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Submitted by Jan Sramek at 21:47, 17th September 2008 [more]

Morgan Stanley’s chief executive received a call on Wednesday from Wachovia expressing interest i...

Comments: 1, Views: 775, Rating: 0.00.