For years now, people have been speculating about when Goldman Sachs CEO Lloyd Blankfein would step down. Recently, I've suggested that the conditions were ripe for a transition.
Whether Steven Cohen and SAC Capital will ever be criminally charged with insider trading crimes is still an open question. But it seems likely that the SEC will make good on its Wells notice and charge the firm with civil fraud.
I noted recently that in the recent prosecution of Standard & Poor's for tainted ratings of mortgage-related securities, a prosecutorial shift was apparent. The government is now seeking admission of guilt, moving away from the time-worn policy of allowing companies to settle "without admitting or denying guilt."
There once was a day when working as an equities trader was really cool. But over the years, as the margins on equities trading dwindled and as margins on other securities soared, the job lost some of it cachet.
It's been a rough spell from a performance perspective for macro hedge funds. But they might have hit upon a winning formula with the so-called "Abe trade," which is named for Shinzo...
Most people expected once thriving mutual fund company Legg Mason to reach outside its ranks for a new CEO.
In several ways, Getgo is an iconic trading company, both a product and reflection of modern trading. The very existence of the market maker has been controversial for years. As a privately held company, however, the world never received detailed financial information about its operations--until now.
Apple CEO Tim Cook has called the suit by hedge fund manager David Einhorn a "silly side show," according to Reuters . He also denied that the company has a depression-era mentality that...
Second acts have been hard to come by for former top executives of the largest banks.
The government's zeal to prosecute Standard & Poor's, and possibly other credit rating companies, has generated lots of discussion rehashing the sins of investment bank leading up to the financial crisis.