Costs of Facebook IPO fiasco
Lawsuits by retail investors are mounting. Regulators are investigating. Fingers are pointing. At this point, it's unclear what the ultimate costs will be of Facebook's botched IPO.
JPMorgan's big mystery
The JPMorgan multi-billion trading fiasco has led to an outpouring of media coverage, which still can't answer an essential question: What exactly did JPMorgan invest in to hedge its economic risks?
Rajat Gupta trial begins
At long last, after a lot of pre-trial drama and posturing, the big event has arrived.The trial of former Goldman Sachs directors and ex-McKinsey head, Rajat Gupta, will get underway in a courtroom in Manhattan
Nasdaq's Facebook glitches come at worst time
The debut of Facebook was marred by glitches at the Nasdaq stock market that ended up delaying the start of trading and botching the trade confirmation process, which some broker dealers found infuriating.
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Kleiner Perkins rocked by sexual harassment charges
Few companies could boast of a reputation like Kleiner Perkins Caufield & Byers', whose brand exudes extreme technical and financial savvy and a nose for blockbuster companies.
Morgan Stanley CEO involved in Facebook IPO
It's no secret that Morgan Stanley had a lot riding on the Facebook deal.
Wells Fargo steers clear of JPMorgan-like trading activity
In the wake of JPMorgan's multi-billion dollar trading fiasco, other big banks have moved to make clear to analysts that they do not engage in the sort of "hedging" that caused so much carnage at JPMorgan.
Fidelity's massive Facebook woes
Reuters notes that Fidelity, the mutual fund and retail brokerage powerhouse, is working with "thousands" of customers to resolve issues related to the botched Facebook IPO.
Should Jamie Dimon resign from NY Fed bank?
In the aftermath of the multi-billion trading fiasco, Elizabeth Warren, the mother of the CFPB and a candidate for Senate, Tim Geithner, Treasury Secretary, Sen. Bernie Sanders and others have called on Jamie Dimon to step as a director of the New York Federal Reserve Bank.
John Paulson's gold positions anger investors
It's been a tough 18 months for John Paulson, once one of the brightest stars in the hedge fund firmament.
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The market for core systems in the banking industry remains quite mature, and some might characterize it as graying.
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