Linkfest: Volcker rule blues; BlackRock’s triumph; Lampert’s slump; Blackstone’s CDS trickery
Categories: Linkfest
Today’s most shared: Jamie Dimon will have to sign off on Volcker compliance… BlackRock’s rise… Montier: no silver bullets in investing – smart beta = dumb beta + smart marketing… Lampert investors lose faith… Marissa Mayer, the solution, or Yahoo’s next problem? … Blackstone’s CDS trick: cunning or knavery?
Volcker rule gives regulators discretion
Financial Times
The US “Volcker rule”, which bans banks from proprietary trading, will leave a grey area for regulators to police as they see fit, according to a senior Treasury official.
shared by @ritholtz, Naked Capitalism, @JohnLothian, @nasiripour, @IvanTheK
Financial Times
The US “Volcker rule”, which bans banks from proprietary trading, will leave a grey area for regulators to police as they see fit, according to a senior Treasury official.
shared by @ritholtz, Naked Capitalism, @JohnLothian, @nasiripour, @IvanTheK
Volcker rule will require bank CEOs to guarantee compliance
Wall Street Journal
The Volcker rule will require that bank executives guarantee their firms are in compliance with the rule, another setback for Wall Street firms that lobbied against such a requirement, people familiar with the rule said.
shared by @LaurenLaCapra, @IvanTheK
Wall Street Journal
The Volcker rule will require that bank executives guarantee their firms are in compliance with the rule, another setback for Wall Street firms that lobbied against such a requirement, people familiar with the rule said.
shared by @LaurenLaCapra, @IvanTheK
The rise of BlackRock
The Economist
ASK conspiracy theorists who they think really runs the world, and they will probably point to global banks, such as Citigroup, Bank of America and JPMorgan Chase. Oil giants such as Exxon Mobil and Shell may also earn a mention… One firm unlikely to feature on their list is BlackRock, an investment manager whose name rings few bells outside financial circles. Yet it is the single biggest shareholder in all the companies listed above.
shared by NYT Dealbook, reddit/Economics, @spignal
The Economist
ASK conspiracy theorists who they think really runs the world, and they will probably point to global banks, such as Citigroup, Bank of America and JPMorgan Chase. Oil giants such as Exxon Mobil and Shell may also earn a mention… One firm unlikely to feature on their list is BlackRock, an investment manager whose name rings few bells outside financial circles. Yet it is the single biggest shareholder in all the companies listed above.
shared by NYT Dealbook, reddit/Economics, @spignal
James Montier: No Silver Bullets in Investing (just old snake oil in new bottles)
gmo.com
shared by @abnormalreturns, @ReformedBroker, @TheIntuitInvest
gmo.com
shared by @abnormalreturns, @ReformedBroker, @TheIntuitInvest
Sears CEO Lampert sees investors in his hedge fund checking out
Wall Street Journal
Edward S. Lampert, struggling to stem heavy losses at Sears, is facing an exodus of money from his hedge fund, which is returning billions to clients of Goldman Sachs.
shared by @AlphaClone, @IvanTheK, @moorehn
Wall Street Journal
Edward S. Lampert, struggling to stem heavy losses at Sears, is facing an exodus of money from his hedge fund, which is returning billions to clients of Goldman Sachs.
shared by @AlphaClone, @IvanTheK, @moorehn
Is Marissa Mayer Helping Yahoo—or Hurting the Struggling Tech Giant?
Vanity Fair
In the wake of Marissa Mayer’s takeover of Yahoo, Bethany McLean asks whether she is its savior or its next big problem.
shared by NYT Dealbook, @ericjackson, @moorehn
Vanity Fair
In the wake of Marissa Mayer’s takeover of Yahoo, Bethany McLean asks whether she is its savior or its next big problem.
shared by NYT Dealbook, @ericjackson, @moorehn
In the Murky World of Bitcoin, Fraud Is Quicker Than the Law
New York Times
Illicit activity is rising in the virtual currency market, where there is an increasing amount of real money but few rules and even less oversight.
shared by @TFMkts, Naked Capitalism, @ThemisSal, @nasiripour, Crossing Wall Street
New York Times
Illicit activity is rising in the virtual currency market, where there is an increasing amount of real money but few rules and even less oversight.
shared by @TFMkts, Naked Capitalism, @ThemisSal, @nasiripour, Crossing Wall Street
People At CNBC Are Relieved That Maria Bartiromo Left
Business Insider
CNBC is a very competitive place internally.
shared by @ritholtz, @ReformedBroker, @PreetaTweets, @JacobWolinsky
Business Insider
CNBC is a very competitive place internally.
shared by @ritholtz, @ReformedBroker, @PreetaTweets, @JacobWolinsky
Would You Rather Have Brazil’s Economic Problems or America’s?
HBR
In Brazil, wage increases outpace productivity gains. In the U.S., it’s the reverse.
shared by Abnormal Returns, @MarkThoma, @mccarthyryanj
HBR
In Brazil, wage increases outpace productivity gains. In the U.S., it’s the reverse.
shared by Abnormal Returns, @MarkThoma, @mccarthyryanj
Blackstone Made Money on Credit-Default Swaps With This One Weird Trick
Bloomberg
If you have any taste at all, the only thing you should want to read about today is Blackstone’s credit derivative trade on Codere, so here you go.
shared by @felixsalmon, @KidDynamiteBlog, @EpicureanDeal, @TimOBrien
Bloomberg
If you have any taste at all, the only thing you should want to read about today is Blackstone’s credit derivative trade on Codere, so here you go.
shared by @felixsalmon, @KidDynamiteBlog, @EpicureanDeal, @TimOBrien
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