Topic:
Capital Markets
Latest Headlines
Latest Headlines
Goldman Sachs CEO not going anywhere
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.
SEC seeks old deposition of Cohen
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.
Prosecutors seek more admissions of guilt
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."
JPMorgan pares cash equities unit
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.
"Abe trade" winning converts
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...
Legg Mason's future on the line
Most people expected once thriving mutual fund company Legg Mason to reach outside its ranks for a new CEO.
Getco's earnings mirror high-frequency industry
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 fights back against suit
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...
Can former top execs start fresh on Wall Street?
Second acts have been hard to come by for former top executives of the largest banks.
The real breakthrough in the S&P prosecution
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.
