Linkfest: How Ken Lewis got off; HFT trash talk; Banks flee businesses that risk capital, reputations
Categories: Linkfest
Today’s most shared:
- How Ken Lewis, represented by ex-SEC chair White, got off after firing general counsel who warned of losses that needed disclosure.
- More HFT flash crash trash talk.
- Goldman exits NYSE marketmaking, JPMorgan exits commodities, Blythe Masters, innovator of the credit default swap, moves on.
- European bank stress tests seen none too stressful.
- How to explain Bitcoin to your mom.
- Sometimes, eclectic ‘slackers’ with who backpack around the world end up better equipped to deal with change than career-driven, focused workaholics.
How the Case Against Bank of America CEO Fizzled
ProPublica
Years after Ken Lewis came under investigation for misleading investors, the case against him ended with a minuscule fine paid by the bank.
shared by @JacobWolinsky, reddit/Economics, @davidweidner, @HamzeiAnalytics
ProPublica
Years after Ken Lewis came under investigation for misleading investors, the case against him ended with a minuscule fine paid by the bank.
shared by @JacobWolinsky, reddit/Economics, @davidweidner, @HamzeiAnalytics
Crime Inquiry Said to Open on Citigroup
New York Times
Federal authorities have opened a criminal investigation into a recent $400 million fraud involving Citigroup’s Mexican unit, according to people briefed on the matter, one of a handful of government inquiries looming over the bank.
shared by @LaurenLaCapra, Naked Capitalism, Here Is The City
New York Times
Federal authorities have opened a criminal investigation into a recent $400 million fraud involving Citigroup’s Mexican unit, according to people briefed on the matter, one of a handful of government inquiries looming over the bank.
shared by @LaurenLaCapra, Naked Capitalism, Here Is The City
High-Frequency Trading May Be Too Efficient
bloombergview.com
I suspect, but cannot prove, that there is a financial blogging analogue of the Grossman-Stiglitz paradox that proves that no one should write anything.
shared by @EmanuelDerman, Naked Capitalism, NYT Dealbook, @victorricciardi, @tomkeene
bloombergview.com
I suspect, but cannot prove, that there is a financial blogging analogue of the Grossman-Stiglitz paradox that proves that no one should write anything.
shared by @EmanuelDerman, Naked Capitalism, NYT Dealbook, @victorricciardi, @tomkeene
Gasparino: Michael Lewis’ high-frequency bull
NY Post
It’s easy to bash Wall Street as the root cause of all financial problems (and some non-financial ones), which is why Michael Lewis is getting away with blowing so much smoke.
shared by @EddyElfenbein, @moorehn
NY Post
It’s easy to bash Wall Street as the root cause of all financial problems (and some non-financial ones), which is why Michael Lewis is getting away with blowing so much smoke.
shared by @EddyElfenbein, @moorehn
A high-speed retreat keeps Goldman out of a tangle
Financial Times
The rush into a business profitable for those with an edge has gone into reverse.
shared by @LaurenLaCapra, @nasiripour, @moorehn
Financial Times
The rush into a business profitable for those with an edge has gone into reverse.
shared by @LaurenLaCapra, @nasiripour, @moorehn
Blythe Masters Ends 27-Year Run at JPMorgan
Bloomberg
Blythe Masters, who rose from being a JPMorgan Chase & Co. intern to global head of a commodities powerhouse over 27 years, plans to exit after she helps the bank complete the $3.5 billion sale of units she oversees.
shared by Naked Capitalism, Reformed Broker, @eisingerj
Bloomberg
Blythe Masters, who rose from being a JPMorgan Chase & Co. intern to global head of a commodities powerhouse over 27 years, plans to exit after she helps the bank complete the $3.5 billion sale of units she oversees.
shared by Naked Capitalism, Reformed Broker, @eisingerj
Why Those Guys Won the Economics Nobels
HBR
John Campbell explains modern asset pricing theory and the links between Fama, Hansen, and Shiller.
shared by @MarkThoma, FT Alphaville, @jmackin2, @moorehn
HBR
John Campbell explains modern asset pricing theory and the links between Fama, Hansen, and Shiller.
shared by @MarkThoma, FT Alphaville, @jmackin2, @moorehn
How many European banks would pass US stress tests?
CNBC
As European banks gear up for stress tests, one analyst told CNBC that almost none of them would pass the U.S.’s tougher scrutiny.
shared by @economistmeg, @FGoria, @mhewson_CMC
CNBC
As European banks gear up for stress tests, one analyst told CNBC that almost none of them would pass the U.S.’s tougher scrutiny.
shared by @economistmeg, @FGoria, @mhewson_CMC
How to Explain Bitcoin to Your Mom!
New York Times
A guide to the system of virtual currency.
shared by @charlesforelle, @SpiegelPeter, @HamzeiAnalytics, @spignal
New York Times
A guide to the system of virtual currency.
shared by @charlesforelle, @SpiegelPeter, @HamzeiAnalytics, @spignal
Hire an Ex-Slacker Today
bloombergview.com
When slackers get down to work, they often bring with them valuable information about the outside world.
shared by @interfluidity, @ryanchittum, @bobivry
bloombergview.com
When slackers get down to work, they often bring with them valuable information about the outside world.
shared by @interfluidity, @ryanchittum, @bobivry
StreetEYE.com follows the best ‘curators’ on the web and social media, and finds all the top financial news right now, as voted by you.
Please help us pick the most important stories you think should appear in this linkfest by voting here!