Linkfest: JPMorgan’s criminal settlement over Madoff; Fischer as Fed vice-chairman; Growth in 2014?
Categories: Linkfest
Today’s most shared: JPMorgan to pay fines, agree to deferred prosecution over Madoff lapses… Stanley Fischer, the dean of central banking, poised to be Fed vice-chairman… Fed ramps up reverse repo facility to drain QE by borrowing against its bulging balance sheet… ECB wants ability to tell banks they can’t buy bonds from the next Greece… Stronger growth in 2014? … Lampert’s last laugh… Bitcoins in IRAs.
Criminal Action Is Expected for JPMorgan in Madoff Case
New York Times
Federal authorities and JPMorgan Chase are expected to settle charges over ties to Bernard L. Madoff, who operated a billion-dollar Ponzi scheme using an account at the bank.
shared by @retheauditors, @MattGoldstein26, Business Insider
New York Times
Federal authorities and JPMorgan Chase are expected to settle charges over ties to Bernard L. Madoff, who operated a billion-dollar Ponzi scheme using an account at the bank.
shared by @retheauditors, @MattGoldstein26, Business Insider
J.P. Morgan to Pay Over $1 Billion to Settle U.S. Criminal Probe Related to Madoff
Wall Street Journal
J.P. Morgan Chase is expected to pay more than $1 billion in penalties to the Justice Department to end a criminal probe into whether it provided adequate warnings about convicted fraud figure Bernard L. Madoff.
shared by @ObsoleteDogma, Naked Capitalism, @retheauditors, @nancefinance, @pdacosta
Wall Street Journal
J.P. Morgan Chase is expected to pay more than $1 billion in penalties to the Justice Department to end a criminal probe into whether it provided adequate warnings about convicted fraud figure Bernard L. Madoff.
shared by @ObsoleteDogma, Naked Capitalism, @retheauditors, @nancefinance, @pdacosta
Fischer Poised to Be Picked as Fed’s No. 2
Wall Street Journal
President Barack Obama is close to nominating former Bank of Israel chief Stanley Fischer to become the vice chairman of the Federal Reserve.
shared by @ritholtz, @ATabarrok, @MarkThoma, @vshih2, @pdacosta, @DougKass
Wall Street Journal
President Barack Obama is close to nominating former Bank of Israel chief Stanley Fischer to become the vice chairman of the Federal Reserve.
shared by @ritholtz, @ATabarrok, @MarkThoma, @vshih2, @pdacosta, @DougKass
Young Stanley Fischer and the Keynesian Counterrevolution
New York Times
The prospective nominee for vice chairman of the Fed wrote a 1977 paper that helped transform the practice of monetary policy.
shared by @MattGoldstein26, reddit/Economics, @edwardnh, @JustinWolfers
New York Times
The prospective nominee for vice chairman of the Fed wrote a 1977 paper that helped transform the practice of monetary policy.
shared by @MattGoldstein26, reddit/Economics, @edwardnh, @JustinWolfers
5 Things You Need to Know About Stanley Fischer
Wall Street Journal
President Barack Obama is poised to tap Stanley Fischer to be the No. 2 official at the Federal Reserve. Here’s what you need to know about him.
shared by @BCAppelbaum, @ReformedBroker, @RANsquawk, @pdacosta, @Fullcarry
Wall Street Journal
President Barack Obama is poised to tap Stanley Fischer to be the No. 2 official at the Federal Reserve. Here’s what you need to know about him.
shared by @BCAppelbaum, @ReformedBroker, @RANsquawk, @pdacosta, @Fullcarry
Fed officials are testing a bond-trading program that could transform the way the central bank sets short-term rates.
Wall Street Journal
Federal Reserve officials hope to use an experimental bond-trading program known as a ’reverse repo’ facility to fundamentally change the way the central bank sets short-term interest rates.
shared by @BCAppelbaum, @Fullcarry, @MarkThoma, Calculated Risk
Wall Street Journal
Federal Reserve officials hope to use an experimental bond-trading program known as a ’reverse repo’ facility to fundamentally change the way the central bank sets short-term interest rates.
shared by @BCAppelbaum, @Fullcarry, @MarkThoma, Calculated Risk
Looking for Stronger Economic Growth in 2014
Calculated Risk
A top ranked economics and finance blog with a focus on the housing market
shared by @ObsoleteDogma, @TheStalwart, @cullenroche, @TheArmoTrader
Calculated Risk
A top ranked economics and finance blog with a focus on the housing market
shared by @ObsoleteDogma, @TheStalwart, @cullenroche, @TheArmoTrader
Dismantle the euro, says Nobel-winning economist who once backed currency union
The Telegraph
A leading economist who once argued for the creation of the euro now claims the single currency should be abandoned as it is fuelling unemployment and dividing Europe.
shared by @EfiEfthimiou, reddit/Economics, @NickMalkoutzis, @mhewson_CMC
The Telegraph
A leading economist who once argued for the creation of the euro now claims the single currency should be abandoned as it is fuelling unemployment and dividing Europe.
shared by @EfiEfthimiou, reddit/Economics, @NickMalkoutzis, @mhewson_CMC
ECB poised to get tough on sovereign bond risks
Financial Times
A top official at the European Central Bank has signalled it will try to force eurozone banks to hold capital against sovereign bonds, in an attempt to stop weak lenders using its cash to hoover up the debts of crisis-hit countries.
shared by @GTCost, @FGoria, @MatinaStevis, @RoubiniGlobal, @LemaSabachthani, @MacroScope
Financial Times
A top official at the European Central Bank has signalled it will try to force eurozone banks to hold capital against sovereign bonds, in an attempt to stop weak lenders using its cash to hoover up the debts of crisis-hit countries.
shared by @GTCost, @FGoria, @MatinaStevis, @RoubiniGlobal, @LemaSabachthani, @MacroScope
Bloomberg News Pays Reporters More If Their Stories Move Markets
Business Insider
Bloomberg News rewards its reporters financially for publishing market-moving stories.
shared by @JacobWolinsky, Naked Capitalism, @theanalyst_hk, @eisingerj, @ObsoleteDogma
Business Insider
Bloomberg News rewards its reporters financially for publishing market-moving stories.
shared by @JacobWolinsky, Naked Capitalism, @theanalyst_hk, @eisingerj, @ObsoleteDogma
Why Lampert May Have the Last Laugh
institutionalinvestorsalpha.com
Sure, the ESL founder is enduring a flood of redemptions. But his fund is doing fine, and he stands to win big if he can turn Sears around.
shared by @JacobWolinsky, @ToddSullivan, @StockJockey, @Dvolatility
institutionalinvestorsalpha.com
Sure, the ESL founder is enduring a flood of redemptions. But his fund is doing fine, and he stands to win big if he can turn Sears around.
shared by @JacobWolinsky, @ToddSullivan, @StockJockey, @Dvolatility
Lament of the Plutocrats
Politico
Jim O’Neill, the laconic Brit who heads Goldman Sachs’s asset management division, introduced Hillary Clinton by saying how courageous she was for speaking at the bank. (…Clinton’s minimum fee for paid remarks is $200,000).
shared by @TheStalwart, @kevinroose, Naked Capitalism, NYT Dealbook
Politico
Jim O’Neill, the laconic Brit who heads Goldman Sachs’s asset management division, introduced Hillary Clinton by saying how courageous she was for speaking at the bank. (…Clinton’s minimum fee for paid remarks is $200,000).
shared by @TheStalwart, @kevinroose, Naked Capitalism, NYT Dealbook
Fidelity now allows clients to put bitcoins in IRAs
MarketWatch
Fidelity has partnered with SecondMarket’s Bitcoin Investment Trust to allow its clients to save for their retirement by investing in the virtual currency.
shared by @StockJockey, @HamzeiAnalytics, Business Insider
MarketWatch
Fidelity has partnered with SecondMarket’s Bitcoin Investment Trust to allow its clients to save for their retirement by investing in the virtual currency.
shared by @StockJockey, @HamzeiAnalytics, Business Insider
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