Linkfest: Bond king’s damage control; A new gilded age? How SEC let banks off the hook
Categories: Linkfest
Today’s most shared:
- How big a mess is Bill Gross’s Pimco? Bond king does damage control in Bloomberg BusinessWeek profile.
- A new gilded age. Case in point: Och-Ziff’s $119m man.
- How the SEC let banks off with a wrist-slap on CDOs.
- Rupert Murdoch speaks: “No cable company in the world is going to drop [Fox News] unless they want their houses burnt down”
- Derivatives rules softened, but banks still complain about holding capital against some of the most opaque corners of the market, and sources of potential contagion.
- Will cheap solar end oil era?
Pimco’s Bill Gross Picks Up the Pieces
Bloomberg Businessweek
Abandoned by Mohamed El-Erian, his heir apparent, Bill Gross ponders Pimco’s future and wonders, am I such a jerk?
shared by @SimoneFoxman, @TheStalwart, @ezraklein, @ChrisAdamsMKTS
Bloomberg Businessweek
Abandoned by Mohamed El-Erian, his heir apparent, Bill Gross ponders Pimco’s future and wonders, am I such a jerk?
shared by @SimoneFoxman, @TheStalwart, @ezraklein, @ChrisAdamsMKTS
Krugman reviews Piketty: Why We’re in a New Gilded Age
nybooks.com
Thomas Piketty, professor at the Paris School of Economics, isn’t a household name, although that may change with the English-language publication of his magnificent, sweeping meditation on inequality, Capital in the Twenty-First Century.
shared by @TheStalwart, @kevinroose, @counterparties, Marginal Revolution
nybooks.com
Thomas Piketty, professor at the Paris School of Economics, isn’t a household name, although that may change with the English-language publication of his magnificent, sweeping meditation on inequality, Capital in the Twenty-First Century.
shared by @TheStalwart, @kevinroose, @counterparties, Marginal Revolution
Yes, the SEC was colluding with banks on CDO prosecutions
Reuters
Back in 2011, I asked whether the SEC was colluding with banks on CDO prosecutions. And now, thanks to an American Lawyer Freedom of Information Request, we have the answer: yes, they were.
shared by @Alea_, Reformed Broker, @BCAppelbaum, @edwardnh, @niubi
Reuters
Back in 2011, I asked whether the SEC was colluding with banks on CDO prosecutions. And now, thanks to an American Lawyer Freedom of Information Request, we have the answer: yes, they were.
shared by @Alea_, Reformed Broker, @BCAppelbaum, @edwardnh, @niubi
The Fortune interview: Rupert Murdoch
CNNMoney
In his first wide-ranging press interview in five years, the media mogul opens up about remaking his empire, succession and his children, his divorce, politics, and his new vineyard.
shared by @danprimack, Huffington Post, @johngapper, @felixsalmon, @hblodget, @raju
CNNMoney
In his first wide-ranging press interview in five years, the media mogul opens up about remaking his empire, succession and his children, his divorce, politics, and his new vineyard.
shared by @danprimack, Huffington Post, @johngapper, @felixsalmon, @hblodget, @raju
Derivatives Rules Softened in Victory for Banks
Bloomberg
In a victory for banks, global financial regulators revised rules governing how much money must be set aside to cover losses by swaps traders, backing away from guidelines that firms warned would destabilize the $693 trillion derivatives market.
shared by @GavanNolan, @JohnLothian, @Kiffmeister
Bloomberg
In a victory for banks, global financial regulators revised rules governing how much money must be set aside to cover losses by swaps traders, backing away from guidelines that firms warned would destabilize the $693 trillion derivatives market.
shared by @GavanNolan, @JohnLothian, @Kiffmeister
Tough Swap Standards Drive Up Trade Costs 92-Fold
Bloomberg
New rules aimed at making the world safer from blowups in the $693 trillion derivatives market are poised to drive up costs so much for retirement funds and other users that bankers say they do just the opposite.
shared by @munilass, @JohnLothian, Crossing Wall Street, @EpicureanDeal, @Kiffmeister
Bloomberg
New rules aimed at making the world safer from blowups in the $693 trillion derivatives market are poised to drive up costs so much for retirement funds and other users that bankers say they do just the opposite.
shared by @munilass, @JohnLothian, Crossing Wall Street, @EpicureanDeal, @Kiffmeister
BlackRock Says Predatory High-Frequency Trading Is Abuse
Bloomberg Businessweek
BlackRock Inc., the world’s largest money manager, said predatory high-frequency trading is market abuse and should be treated as such by regulators.
shared by @JacobWolinsky, @JoeSaluzzi, @ThemisSal, @nasiripour, @NicTrades
Bloomberg Businessweek
BlackRock Inc., the world’s largest money manager, said predatory high-frequency trading is market abuse and should be treated as such by regulators.
shared by @JacobWolinsky, @JoeSaluzzi, @ThemisSal, @nasiripour, @NicTrades
Banks Ease Hours for Junior Staff, but Workload Stays Same
New York Times
In the last six months, many of the major banks have instituted what amounts to a radically new policy of urging junior staff members to take a few days off a month, on the weekends.
shared by Here Is The City, @JohnLothian, @nasiripour, @EpicureanDeal, @MattGoldstein26
New York Times
In the last six months, many of the major banks have instituted what amounts to a radically new policy of urging junior staff members to take a few days off a month, on the weekends.
shared by Here Is The City, @JohnLothian, @nasiripour, @EpicureanDeal, @MattGoldstein26
Dare to Be Great II
oaktreecapital.com
shared by @derekhernquist, @cullenroche, @ReformedBroker, Reformed Broker, @Dasan
oaktreecapital.com
shared by @derekhernquist, @cullenroche, @ReformedBroker, Reformed Broker, @Dasan
Global solar dominance in sight as science trumps fossil fuels
The Telegraph
Solar power will slowly squeeze the revenues of petro-rentier regimes in Russia, Venezuela and Saudi Arabia. They will have to find a new business model, or fade into decline.
shared by @TheStalwart, @NickMalkoutzis, @M_C_Klein, @Noahpinion
The Telegraph
Solar power will slowly squeeze the revenues of petro-rentier regimes in Russia, Venezuela and Saudi Arabia. They will have to find a new business model, or fade into decline.
shared by @TheStalwart, @NickMalkoutzis, @M_C_Klein, @Noahpinion
Och-Ziff’s Levin Scores a $119 Million Payday
Wall Street Journal
Och-Ziff said James Levin received nearly $119 million in stock awards after his group racked up gains of almost $2 billion in 2012 through bets in exotic debt markets.
shared by @JacobWolinsky, @JohnLothian, Reformed Broker
Wall Street Journal
Och-Ziff said James Levin received nearly $119 million in stock awards after his group racked up gains of almost $2 billion in 2012 through bets in exotic debt markets.
shared by @JacobWolinsky, @JohnLothian, Reformed Broker
U.S. House Republicans prepare a second JOBS Act bill; critics see dangers
Reuters
Lawmakers in the U.S. Houseof Representatives are drafting measures to further ease regulatory obstacles for small companies raising capital, but critics warn the move will only reduce investor protection and lead to abuse and securities fraud.
shared by @danprimack, @M_C_Klein, @JacobWolinsky, @IvanTheK, @matt_levine
Reuters
Lawmakers in the U.S. Houseof Representatives are drafting measures to further ease regulatory obstacles for small companies raising capital, but critics warn the move will only reduce investor protection and lead to abuse and securities fraud.
shared by @danprimack, @M_C_Klein, @JacobWolinsky, @IvanTheK, @matt_levine
Watsa Says Dot-com Rally to ‘End in Tears’
Bloomberg
Prem Watsa, head of Canadian insurer Fairfax Financial Holdings Ltd., said investors in technology companies including Twitter Inc. may soon be crying as the stock prices are unsustainable.
shared by @edwardnh, @SconsetCapital, @moorehn, @Bloomberg
Bloomberg
Prem Watsa, head of Canadian insurer Fairfax Financial Holdings Ltd., said investors in technology companies including Twitter Inc. may soon be crying as the stock prices are unsustainable.
shared by @edwardnh, @SconsetCapital, @moorehn, @Bloomberg
Bitcoin Price Drops 10% as Chinese Exchanges Stop Bank Deposits
coindesk.com
Bitcoin prices sank under $403 after several Chinese exchanges made public announcements on their sites.
shared by @JacobWolinsky, @finansakrobat, @niubi, @ChrisAdamsMKTS, @MattGoldstein26
coindesk.com
Bitcoin prices sank under $403 after several Chinese exchanges made public announcements on their sites.
shared by @JacobWolinsky, @finansakrobat, @niubi, @ChrisAdamsMKTS, @MattGoldstein26
In SEC Filing, Activist Hedge Fund Catches Board Member Sleeping
valuewalk.com
Activist hedge fund Stillwell Value Partners is getting personal in its attacks on a small bank that seems to be sleeping on the job, literally.
shared by @JacobWolinsky, Reformed Broker
valuewalk.com
Activist hedge fund Stillwell Value Partners is getting personal in its attacks on a small bank that seems to be sleeping on the job, literally.
shared by @JacobWolinsky, Reformed Broker
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