The Moral Compass Missing From The Greatest Trade Ever
As much as anything, what killed Lehman was Dick Fuld's emasculation of the risk management function, which served as a moral compass.
As much as anything, what killed Lehman was Dick Fuld's emasculation of the risk management function, which served as a moral compass.
New York Times | GERALDINE FABRIKANT | Posted 11.12.2009 | Business
The 2008 tax filing for the Goldman Sachs Foundation, a copy of which was provided by the firm late Wednesday, provides a glimpse of the legendary tra...
newsweek.com | Daniel Gross | Posted 11.10.2009 | Business
In a span of just three years, hedge-fund manager John Paulson went from practically unknown to practically unparalleled. After a series of smart bets...
nytimes.com | Cyrus Sanati | Posted 11.06.2009 | Business
Fewer Harvard M.B.A. graduates took jobs on Wall Street this year than in the past as a result of the sharp contraction in the financial services indu...
David Paul | Posted 11.03.2009 | Business
With the announcement of record Wall Street bonus pools and rising credit card fees, it is time to sit back and see where we go from here.
Trey Ellis | Posted 10.27.2009 | Business
Breaking up the banks to ensure that never again can the greedy few throw an entire planet into a Depression is not only a logical step but also smart, popular politics.
Norb Vonnegut | Posted 10.26.2009 | Business
What can investors do when their hedge funds implode? The Galleon scandal puts a fine point on this question.
ft.com | Posted 10.23.2009 | Business
John Meriwether, the hedge fund manager and arbitrageur behind Long-Term Capital Management, is in the process of setting up a new hedge fund -- his t...
Norb Vonnegut | Posted 10.22.2009 | Business
Money managers are always trying to get an edge. But how many have crossed the line with inside information?
Richard Trumka | Posted 10.22.2009 | Business
We're gathering outside the American Bankers Association meeting to demand reform that will allow us to rebuild our communities, our lives and the real economy. We've got a lot to rebuild.
Posted 10.22.2009 | Business
The name of the informant who tipped off authorities to one of the largest insider trading cases in history has surfaced. According to The New Yor...
Dan Solin | Posted 10.20.2009 | Business
Are members of the securities industry inherently evil? Obviously, it would be unfair to make such a blanket characterization, but sometimes you really have to wonder.
Robert Lenzner | Posted 10.20.2009 | Business
Main Street Americans are struggling to pay their bills, while Wall Street executives are getting record bonuses. Two Americas; trust me it's more than just a campaign slogan.
The New York Times | DAVID D. KIRKPATRICK | Posted 10.20.2009 | Politics
The Wall Street giants that received a financial lifeline from Washington may have no compunction about paying big bonuses to their dealmakers and tra...
Bloomberg | By Joshua Gallu and David Scheer | Posted 10.19.2009 | Business
Federal investigators are gearing up to file charges against a wider array of insider-trading networks, some linked to the criminal case against billi...
The Huffington Post | Jenna Staul | Posted 10.16.2009 | Business
The Boston Globe takes a look at how hedge fund managers are reclaiming some clout in Washington after last year's economic meltdown. The paper repor...
AP | LARRY NEUMEISTER and CANDICE CHOI | Posted 10.16.2009 | Business
NEW YORK — One of America's wealthiest men was among six hedge fund managers and corporate executives arrested Friday in a hedge fund insider tr...
Reuters | Grant McCool | Posted 10.09.2009 | Business
NEW YORK (Reuters) - One of two former Bear Stearns managers indicted for fraud over the collapse of hedge funds in 2007 feared a "blow up risk" to in...
Telegraph | James Quinn | Posted 10.09.2009 | Business
The poll will fuel the ongoing debate as to whether London or New York is the best place to do business for financial communities, amid recent reports...
Dan Solin | Posted 10.06.2009 | Business
Wealthy investors can be enticed to buy "alternative investments" like hedge funds and private equity deals. How is that working for them? Not well.
AP | Posted 10.06.2009 | Business
WASHINGTON — House lawmakers crafting legislation to overhaul the system of financial regulation are focusing on the key elements of investor pr...
Rick Horowitz | Posted 11.25.2009 | Politics
There were those who expected the financial-services industry to slink away in embarrassment after the setbacks of the past year. These people misjudged us.
AP | MARCY GORDON | Posted 11.17.2009 | Business
WASHINGTON — Regulators on Thursday proposed rules designed to stem conflicts of interest and provide more transparency for credit rating compan...
Georges Ugeux | Posted 11.11.2009 | World
Never was the G-20 intended to be anything else than a technical forum meeting twice a year. It has no power, no administration, let alone any authority.
Evening Standard | Paul Waugh | Posted 09.26.2009 | Business
This happy band of G7 finance ministers looked perfectly relaxed as they arrived for their gathering in Washington in April 2007. But it now turns ...
David Fiderer | Posted 11.16.2009 | Business