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Entries by D.M. Levine from 04/2012

Jamie Dimon In Letter To Shareholders On Day After Massive Fine: JPMorgan Is 'An Exceptional Company'

Posted 04.05.2012 | Business

One day after a regulator fined JPMorgan Chase -– the biggest bank in America -- $20 million for letting Lehman Brothers take on too much debt, the...

Morgan Stanley May Claw Back Pay For 'Improper Employee Behavior'

Posted 04.06.2012 | Business

Bankers at Morgan Stanley may have less of a reason to pop the champagne cork this year. The firm says it is expanding its list of events that can...

Facebook Buys Instagram Without Wall Street's Help

Posted 04.10.2012 | Business

In Facebook's billion-dollar buy of photo-sharing app Instagram, Wall Street is nowhere to be found. Lawyers involved in the deal told The Huffingt...

Goldman Dealmaker, Yoel Zaoui, Leaves The Firm After 24 Years

Posted 04.10.2012 | Business

Another Goldmanite bites the dust. Yoel Zaoui, co-head of the firm’s global mergers and acquisitions group, is leaving Goldman Sachs after more ...

Carlyle And Oaktree Are Latest Private Equity Firms Expected To Go Public

Posted 04.11.2012 | Business

Two more private equity companies are going public, as a once-secretive industry continues to make its way into the sunlight. Carlyle Group, the th...

Goldman Sachs Concludes Great Muppet Hunt: Report

Posted 04.11.2012 | Business

The Great Muppet Hunt has concluded at Goldman Sachs. Fox Business correspondent Charlie Gasparino, citing "people close to Goldman," reports that...

IPO Boom Hits Speed Bump

Posted 04.12.2012 | Business

A mini-boom in the IPO market seems to have hit a mini speed-bump. The first quarter of this year was the busiest for initial public offerings sin...

SEC Fails To Monitor More Than Half Of Stock Trading, Former Agency Lawyers Say

Posted 04.16.2012 | Business

The Securities and Exchange Commission does not currently have the ability to fully monitor what, by most accounts, makes up a majority of the stock t...

Private Equity Enjoys Mini IPO Boom, With Most Sales Or Launches Since 2007

Posted 04.16.2012 | Business

The boom times are back, sort of, for private equity, but don't break out the champagne just yet. More companies backed by private equity went publ...

European Debt Crisis Is John Paulson's Latest Chance To Make A Fortune

Posted 04.17.2012 | Business

John Paulson, the hedge fund manager who made billions betting against the U.S. mortgage market in 2007, has found something new to bet against. P...

Is Speed Trader Mark Gorton Killing Wall Street?

Posted 04.18.2012 | Business

Mark Gorton is sitting in the Zen garden on the roof of his office in downtown Manhattan, squinting into the sunlight and telling me he's not evil. ...

Nestle Near Deal To Buy Pfizer Baby Food Business: Reports

Posted 04.18.2012 | Business

Nestle might soon be be feeding a lot more babies. The world's largest food and nutrition company is in final talks to buy Pfizer's infant nutriti...

US Airways Inches Closer To American Airlines Merger

Posted 04.20.2012 | Business

US Airways says it has taken a first step to a potential merger with rival American Airlines. The company has reached an agreement with the three ...

Stock-Picking Robot Part Of Massive Illegal Scheme Twins Started As Teenagers, SEC Says

Posted 04.20.2012 | Business

Call it a family business. On Friday, the Securities and Exchange Commission filed suit against British twins for operating an alleged pump-and-dump s...

Wall Street Shrinks As Financial Sector Layoffs Near 500,000 Since 2008: Report

Posted 04.25.2012 | Business

It seems the world of finance is still in the throes of its own great recession. One hundred of the largest cities in the U.S. have shed a total o...

Fired Morgan Stanley Executive Charged In China Bribery

Posted 04.25.2012 | Business

A former Morgan Stanley executive was charged with bribery Wednesday in a Securities and Exchange Commission civil complaint that says he steered near...

Another Goldman Sachs Employee Named In Insider Trading Probe: Reports

Posted 04.26.2012 | Business

Another Goldman Sachs name has been connected to the investigation of insider trading at defunct hedge fund Galleon Group. Federal prosecutors and...

Ex-AIG Lawyer Targets 'Lewd, Crude' Boss in Racial Discrimination Lawsuit

Posted 04.26.2012 | Business

A former AIG lawyer is suing the insurance giant for discrimination, claiming colleagues and supervisors taunted him, mistreated him and ultimately fi...

MetLife Sues Morgan Stanley Over Mortgage Backed Securities

Posted 04.27.2012 | Business

Insurance giant MetLife is suing Morgan Stanley for fraud. The suit, filed in state court in New York on Wednesday, seeks $757 million over reside...