Linkfest: ECB’s surprise rate cut; Twitter’s IPO; Wall Street bonuses up, except for bond traders
Categories: Linkfest
Today’s most shared: Triumph of the doves: reaction to ECB’s surprise rate cut… Triumph of the nerds: Twitter goes public… Wall Street bonuses predicted to rise, except for sell-side bond traders… NYC Police Commissioner to stop and frisk bankers at JP Morgan? … Steve Cohen’s awkward video testimony on SAC’s insider trading policies… Extend and pretend in Spain, or never trust a bank’s financial statements… Should the Feds stay in the mortgage business?
European Central Bank Cuts Key Rate to 0.25%
Wall Street Journal
It’s monetary policy decision day for both of Europe’s big central banks.
shared by @YanniKouts, Reformed Broker
Wall Street Journal
It’s monetary policy decision day for both of Europe’s big central banks.
shared by @YanniKouts, Reformed Broker
ECB surprises with shock interest rate cut
Business Insider
The ECB announces its November policy decision. ECB president Mario Draghi holds a press conference and Q&A to discuss euro area monetary policy.
shared by Business Insider, @Ian_Fraser, @EfiEfthimiou
Business Insider
The ECB announces its November policy decision. ECB president Mario Draghi holds a press conference and Q&A to discuss euro area monetary policy.
shared by Business Insider, @Ian_Fraser, @EfiEfthimiou
Tracking Twitter’s I.P.O.
New York Times
Twitter begins life as a public company on Thursday, and DealBook will be following the first day of trading as it happens.
shared by @Techmeme, @mccarthyryanj
New York Times
Twitter begins life as a public company on Thursday, and DealBook will be following the first day of trading as it happens.
shared by @Techmeme, @mccarthyryanj
If You Think Twitter’s IPO Price Is Silly, You Don’t Get It
Business Insider
Twitter’s IPO is ready to price, and…
shared by @moorehn, @mhewson_CMC, @finansakrobat, @Noahpinion
Business Insider
Twitter’s IPO is ready to price, and…
shared by @moorehn, @mhewson_CMC, @finansakrobat, @Noahpinion
Wall St. Bonuses Over All Are Predicted to Rise 5 to 10% (Bond Traders Excluded)
New York Times
Bonuses for bond traders are expected to drop up to 10 percent, while financial advisers and asset managers can expect bonuses to increase by about 15 percent.
shared by Naked Capitalism, Here Is The City, Reformed Broker
New York Times
Bonuses for bond traders are expected to drop up to 10 percent, while financial advisers and asset managers can expect bonuses to increase by about 15 percent.
shared by Naked Capitalism, Here Is The City, Reformed Broker
Ray Kelly in talks for JPMorgan job
NY Post
He’s outta here! NY Police Commissioner Ray Kelly is in advanced talks to take the top security job at JPMorgan Chase as Bill De Blasio takes office as mayor, after campaigning as a critic of NYPD policies.
shared by @LaurenLaCapra, NYT Dealbook, @retheauditors, @prchovanec
NY Post
He’s outta here! NY Police Commissioner Ray Kelly is in advanced talks to take the top security job at JPMorgan Chase as Bill De Blasio takes office as mayor, after campaigning as a critic of NYPD policies.
shared by @LaurenLaCapra, NYT Dealbook, @retheauditors, @prchovanec
Watch Billionaire Steven Cohen Stumble Over Insider Trading Rules
pbs.org
In a never-before-published video, hedge fund titan Steven A. Cohen, whose firm this week pleaded guilty to securities fraud, describes federal securities laws as "vague," and asks for an explanation of basic SEC insider trading rules.
shared by @firstadopter, @jennablan, NYT Dealbook, @retheauditors
pbs.org
In a never-before-published video, hedge fund titan Steven A. Cohen, whose firm this week pleaded guilty to securities fraud, describes federal securities laws as "vague," and asks for an explanation of basic SEC insider trading rules.
shared by @firstadopter, @jennablan, NYT Dealbook, @retheauditors
Bitcoin Is A Joke
Business Insider
The popular digital currency is for clowns.
shared by @TheArmoTrader, Naked Capitalism, reddit/Economics, @tomkeene
Business Insider
The popular digital currency is for clowns.
shared by @TheArmoTrader, Naked Capitalism, reddit/Economics, @tomkeene
Dimon Says Keep Higher Standards in Warning to Employees
Bloomberg
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon called on employees to be vigilant about their language in e-mails and instant messages amid growing regulatory scrutiny of traders’ written communications.
shared by @LaurenLaCapra, @kevinroose, @davidenrich, Here Is The City
Bloomberg
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon called on employees to be vigilant about their language in e-mails and instant messages amid growing regulatory scrutiny of traders’ written communications.
shared by @LaurenLaCapra, @kevinroose, @davidenrich, Here Is The City
The Federal Reserve’s Framework for Monetary Policy–Recent Changes and New Questions
Federal Reserve
shared by @mark_dow, @LorcanRK, @counterparties, @MarkThoma, @greg_ip
Federal Reserve
shared by @mark_dow, @LorcanRK, @counterparties, @MarkThoma, @greg_ip
Why did Spain’s mortgage delinquency rate rise slowly as unemployment soared?
Wall Street Journal
Bank earnings reveal part of the answer to a question puzzling Spanish bank analysts: Why did the country’s mortgage delinquency rate rise so slowly even as unemployment soared above 26%?
shared by @izakaminska, @ryanchittum, @FGoria, @Ian_Fraser, NYT Dealbook
Wall Street Journal
Bank earnings reveal part of the answer to a question puzzling Spanish bank analysts: Why did the country’s mortgage delinquency rate rise so slowly even as unemployment soared above 26%?
shared by @izakaminska, @ryanchittum, @FGoria, @Ian_Fraser, NYT Dealbook
The One Mortgage Fix Washington Isn’t Talking About
ProPublica
The Washington consensus about how to fix the mortgage market looks a lot like Obamacare: A complicated Rube Goldberg device. Why isn’t anyone talking about something simpler?
shared by @ritholtz, @NickTimiraos, @retheauditors, @rortybomb, @mccarthyryanj
ProPublica
The Washington consensus about how to fix the mortgage market looks a lot like Obamacare: A complicated Rube Goldberg device. Why isn’t anyone talking about something simpler?
shared by @ritholtz, @NickTimiraos, @retheauditors, @rortybomb, @mccarthyryanj
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Photo credit: Business Insider – ECB surprises with shock interest rate cut