Yahoo Working On Two Deals Worth $150-$200 Million
The 10 Richest People In The World Thos Robinson/Stringer Forbes is out with its new billionaires list. Here's the Top 10.
Partner Day At Goldman The list of new Goldman Sachs partners is out! The bank tapped 70 new "partnership managing directors." That is a much smaller class compared to the 110 tapped in 2010. Phone calls from Lloyd Blankfein and Gary Cohn letting the bankers know they've made partner should have started around 8:30 a.m.
The Highest (and Lowest) Paying College Majors According to a new study conducted by the U.S. Census Bureau, the average college graduate will earn $2.4 million over his or her lifetime. Engineering majors, the highest-earning major, will earn more than $3.6 million. The study, which is part of the 2011 American Community Survey, showed that the choice of major can make the difference between earning less than a million dollars — as in the case of a childcare worker with an education degree — or more than $6.5 million, as a physician or surgeon who majored in biology. Read: The Highest (and Lowest) Paying College Majors
IMF warns Lehman Bros meltdown could happen again | Economy | News Let us not delude ourselves: without growth, the future of the global economy is in jeopardy IMF Managing Director Christine Lagarde issued a blunt warning to the Fund’s 188 member countries today that they were losing momentum in reforming the global financial system. “Let us not delude ourselves: without growth, the future of the global economy is in jeopardy,” she said. “One lesson is clear from history: reducing public debt is incredibly difficult without growth. High debt, in turn, makes it harder to get growth,” she said. She said the global financial system was not much safer than in 2008, when the collapse of Lehman Brothers triggered a global meltdown.
In an interview with the WSJ's Costas Paris, IMF alternate executive director Thanos Catsambas said that Greece will need a third bailout. Catsambas called the possibility of Greece meeting funding requirements in coming years by itself "totally unrealistic." More from the WSJ report: Troika representatives are currently in Athens to assess Greece's situation and the possible disbursement of a €31 billion ($39.99 billion) loan, part of a second bailout package that totaled €173 billion. The payment is imperative for the Greek government to avoid running out of cash, but officials now suggest they don't expect a final decision on how to proceed with Greece until November. The coalition government of Prime Minister Antonis Samaras is facing growing public anger as it is tries to revive delayed structural reforms and implement fresh cutbacks of around €11.5 billion over the next two years. IMF: Greece Will Need A Third Bailout
Ben Bernanke As A Child
Michael Zacka: Environmental Ethics: Bernie Madoff's Pyramid Scheme Is an Important Lesson 2008 Richard Webb, used under a Creative Commons Attribution-ShareAlike license Mention "unethical business practices" and no doubt Bernie Madoff comes to mind, who bilked investors of $18 billion in a pyramid scheme prosecutors called the largest fraud in U.S. history. But perhaps we should also consider the Fukushima Daiichi nuclear crisis from an ethical standpoint.
This is an outstanding trailer, with several extremely embarrassing clips for the SEC. Runs 2 minutes. Stories from our Madoff archives: Madoff Trustee Sues JPMorgan For $6.4B: "They Were At The Very Center Of Fraud" Chasing Bernie Madoff: Film Trailer For New Documentary Starring Harry Markopolos And The Incredibly Inept SEC
BREAKING: Bernard Madoff's Brother Peter To Plead Guilty, Forfeits $143 Billion, Will Serve 10 Years WSJ, USA Today Bernard Madoff's younger brother, Peter, is expected to plead guilty to criminal charges and has agreed to go to prison for 10 years, in the first admission of wrongdoing by a family member in a multibillion-dollar investment business that turned out to be "just one big lie." The collapse 3½ years ago of Bernard Madoff's Ponzi scheme wiped out the life savings of hundreds of investors, caused losses at funds and banks all over the world, and triggered a criminal investigation that has resulted in the guilty pleas of seven people, including Bernard Madoff. Madoff also agreed to the criminal forfeiture of $143 billion, including all of his real estate and personal property. The $143 billion, representing the amount of money believed to have flowed through the business accounts during the multi-decade Ponzi scheme, is included in the criminal forfeiture agreement, though authorities know that Peter Madoff's assets would never approach that figure.
This is a rush transcript. Copy may not be in its final form. JUAN GONZÁLEZ: JPMorgan Chase CEO Jamie Dimon testified on Capitol Hill Wednesday for the first time since his bank lost up to $3 billion in a risky speculative bet. Dimon apologized for the loss but failed to explain how the money was actually lost. He also continued his voice his opposition to new banking regulations. JPMorgan Chase CEO Gets Warm Hill Welcome From Senators Flooded With Millions in Wall St. Donations
‘The Strauss-Kahns’: a tale of sex, secrets and politics - FRANCE
Goldman Sachs' chief executive Lloyd Blankfein, who is also a lawyer, seems to have a lot of experience in court. He took the stand yesterday during the insider trading trial of Rajat Gupta, a former board member at the investment bank accused of allegedly passing secrets he learned to Raj Rajaratnam. However, we were surprised to learn that there were no photos of Blankfein arriving at the courthouse. There were plenty of Paris Hilton getting out of a black SUV taken by photographers who were awaiting Blankfein's arrival, but none of Goldman's chief. The reason photographers failed to get a photo of Blankfein outside is because he was given permission to drive into the parking garage below the courthouse and enter through the basement, according to the New York Times' Dealbook. Lloyd Blankfein Courtroom Sketch
Andrew Ross Sorkin Is Out With His List Of Questions For Jamie Dimon We've seen Congressional Banking Committee meetings before, and to put it gently — while they have their moments — they're not always the most hard-hitting, productive affairs in Washington. That said, we're certain JP Morgan CEO Jamie Dimon is not looking forward to his time in the hot seat. He will testify before the House and Senate Banking Committees on Capitol Hill next week to answer for the complicated and stunning trading loss his bank's London Chief Investment Office revealed last month. The operative word here is complicated, so to help our nation's leaders along (and to provide some suggestions for avoiding what he calls 'Washington Gotcha Theater") New York Times columnist Andrew Ross Sorkin has published his list of questions for JP Morgan CEO Jamie Dimon.
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An American influx at glamour fest
Goldman commodities crown slips as traders exit LONDON (Reuters) - At least 20 commodities traders, several senior, have left Goldman Sachs (GS.N) in the past months, dealing a blow to Wall Street's long-time king of commodities as talent moves to better paying trading houses and hedge funds. The departures, according to around a dozen insiders and trading sources, mirror the exodus of traders from rival banks over the past two years. The outflow is driven by shrinking profits and tighter regulation of banking, which gives funds and trading houses greater scope to trade and to reward success.
Goldman's Passage to India
Goldman board deal: Great for Blankfein, no one else
Anyone Left To Beat On Goldman Sachs?
Stress-tested banks set to hike dividends
Top bank investors earn millions in dividends
Shuttered LPS unit hit with criminal charges
Big Bank CEOs Walk Away With Big Bucks in 2011
Lloyd Blankfein: From Humble Beginnings to CEO of Goldman Sachs | Rags To Riches
Bankers are the victims of their own inflated pay
Children 'dumped in streets by Greek parents who can't afford them'
jamie dimon: Latest News, Videos, Photos | Times of India
Retired Banker Takes Big Loss on State Parkway Condo - Deal Estate - December 2011
Finance, not protest is taming the banks - Business Analysis & Features - Business
Analysts predict a volatile market, moderate improvement in stocks for 2012