SEC Goldman Lawyer Says Agency Too Timid on Wall Street Misdeeds
Bloomberg
A trial attorney from the Securities and Exchange Commission said his bosses were too “tentative and fearful” to bring many Wall Street leaders to heel after the 2008 credit crisis, echoing the regulator’s outside critics.
shared by @LaurenLaCapra, @cate_long, @nasiripour, @eisingerj, @anatadmati
 

Bogus Private-Equity Fees Said Found at 200 Firms by SEC
Bloomberg
A majority of private-equity firms inflate fees and expenses charged to companies in which they hold stakes, according to an internal review by the U.S. Securities and Exchange Commission, raising the prospect of a wave of sanctions.
shared by NYT Dealbook, @danprimack, @eisingerj, Naked Capitalism
 

Wall Street’s Brightest Minds Reveal The Most Important Charts
Business Insider
Wall Street’s brightest portfolio managers, strategists, analysts, and economists reveal what they deem the most important charts in the world.
shared by @mark_dow, @cullenroche, reddit/Economics, @FGoria, @TFMkts
 

Banker Dumps Wall Street to Boost Taxes on New York Rich
Bloomberg
The reason Gus Christensen looks like an investment banker is that he was one until four months ago. A handshake reveals a shirt monogram over the wrist, an Omega watch and lapis cuff links he got on a JPMorgan Chase & Co. trip to Chile.
shared by @johngapper, NYT Dealbook, @retheauditors, @JohnLothian
 

Greece planning to issue its first long-term bond since bailout on Wednesday, say sources
Wall Street Journal
Greece is planning to issue its first long-term bond since its international bailout on Wednesday, according to two people familiar with the matter.
shared by @LemaSabachthani, @TheStalwart, @TheIntuitInvest, @gusbaratta
 

Fed to give banks two extra years for some securities to comply with Volcker Rule
Wall Street Journal
The Federal Reserve said Monday it will give banks two years of extra time to conform certain debt holdings with the Volcker rule.
shared by @carney, NYT Dealbook, @HamzeiAnalytics, @LaurenLaCapra, @FGoria
 

China’s Smog Splits Expatriate Families as Companies Pay for Fresh Air
Bloomberg
As a thick smog hung over Beijing last year, Stephanie Giambruno and her husband decided it was time for her and their two girls to return to the U.S.
shared by @MalcolmMoore, @chinahearsay, @niubi, @taniabranigan, @gadyepstein
 

‘Flash Boys’ Fuels More Calls for a Tax on Trading
New York Times
The publication of a new book on the adverse consequences of high-frequency trading has revived support for a small surcharge on trades to raise revenue for public coffers.
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Felix Salmon on Michael Lewis’ Flash Boys
Slate
Michael Lewis couldn’t have timed it better if he’d tried. His blockbuster new book about high-frequency trading, Flash Boys, came out in a blaze of publicity during exactly the same week as a little-known Wall Street company named Virtu was scheduled to start marketing its initial public offering of shares.
shared by @jennablan, @mccarthyryanj, reddit/Economics, @IvanTheK
 

Bitcoin is a bad currency. Here’s why it could change the world anyway.
vox.com
Bitcoin’s detractors are making the same mistake as many Bitcoin fans: thinking about Bitcoin as a new kind of currency. That obscures what makes Bitcoin potentially revolutionary: it’s the world’s first completely open financial network.
shared by @TheStalwart, @ModeledBehavior, @greg_ip, @ezraklein, @delong, @howardlindzon
 

A Major Demographic Tailwind Is Coming That Could Make The US Boom For Years
Business Insider
A new, younger generation is about to enter the workforce.
shared by @mark_dow, @Fullcarry
 

With 14 debuts, U.S. IPO market expects busiest week since 2007
Wall Street Journal
The IPO engine looks to continue running on overdrive this week, with lender Ally Financial and hotel chain La Quinta headlining the busiest week for U.S.-listed debuts since 2007.
shared by NYT Dealbook, reddit/Economics
 

Manipulate Me: The Booming Business in Behavioral Finance
Bloomberg
It’s hard to find a place today where concepts of behavioral finance aren’t being applied to real-world situations. From London to Washington to Sydney, governments are experimenting with the psychology of decision-making and trying to “nudge” citizens toward better behaviors, whether that means saving more for retirement or signing an organ donation card. To grab more attention and dollars from consumers, companies as far afield as banks and fitness-app makers carefully design their offerings with consumers’ decision-making quirks in mind.
shared by @JacobWolinsky, @pkedrosky, @ToddSullivan, Reformed Broker, @victorricciardi
 

Goldman Sachs’s earnings no longer roar
Wall Street Journal
Once flashy trading revenue at the Wall Street firm now looks a lot more mundane.
shared by @carney, @LaurenLaCapra, @FGoria, @IvanTheK, @MattGoldstein26