Tag:
Eliot Spitzer
Latest Headlines
Latest Headlines
Eric Schneiderman: Folk hero
Eric Schneiderman, the AG of New York, has found himself become something of folk hero among the get-tough-on-banks crowd for his principled stand when it comes to negotiating a settlement with banks over their foreclosure practices.
Schneiderman has been kicked of the executive committee of t
The next sheriff of Wall Street?
So who is Wall Street backing as its next sheriff? The candidate of choice to become the next New York Attorney General, is Eric Dinallo, who was once Eliot Spitzer's right hand man and the executor of his Wall Street crack-down, reports the Financial Times .
Dinallo has attracted $109,000
Henry Blodget to reinvent financial journalism?
Henry Blodget might seem like an unlikely candidate to usher in a revolution of financial journalism. After all, he was Merrill Lynch's star Internet analyst who hyped unworthy stocks to high heaven, making bankers happy at the expense of small-time investors. Eliot Spitzer had a field day with hi
Andrew Cuomo: Bank of America's bete noire
Andrew Cuomo has picked right up where Eliot Spitzer left off as a huge thorn in the side of Wall Street. Clearly, nothing exercises the New York AG quite like bonuses that he considers unfair. He's not giving up in his probe of Bank of America over the $3.6 billion in controversial bonuses that M
Joint probe of CDS market underway
In a collaboration that the New York Times calls unusual, New York state and federal prosecutors are joining forces to investigate possible manipulation in the market for credit default swaps. The focus seems to be on whether dealers artificially boosted the price of CDS on some bonds by repor
Citi's research move a good idea
Citi has confirmed that it is indeed moving its stock research unit out of Smith Barney, where it was placed following the stock research scandals of yesteryear, and back into institutional clients' business. It will become part of a new research unit that will combine fixed income and economi
Recombining stock research and banking a good idea?
You can bet Eliot Spitzer is not taking this well: Citigroup is mulling a move that would fold its once-maligned equity research unit into the institutional securities business. Recall that six years ago, in a high-profile victory for Spitzer, a so-called "global settlement" forced banks to se
Frank Quattrone laments lack of pre-IPO research
Frank Quattrone, who famously beat a long government attempt to convict him of obstruction, is certainly back on the technology industry banking scene. At a recent conference, he lambasted Eliot Spitzer's efforts to separate banking and research, which included rules that apparently make it harder
Grasso wins! Former NYSE chief can keep money
Dick Grasso's career seemed to be ending on a very sour note: the State of New York was making him something of a poster boy for his gargantuan pay over the years. In an ugly battle, then-New York Attorney General Eliot Spitzer went after Grasso for the $139.5 million he was paid. Along the way, t
Grasso finally vanquishes Spitzer
Truth be told, former NYSE chairman Dick Grasso's battle against former New York State Attorney General Eliot Spitzer was looking better, even before Spitzer imploded amid revelations that he used an escort service. This week, yet another nail was driven into Spitzer's public-life coffin: The New
