Category Archives: Investment Banking

End Bonuses for Bankers – NYTimes.com

End Bonuses for Bankers – NYTimes.com.

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Excerpt: Mike Mayo’s Exile on Wall Street – WSJ.com

Over the past 12 years, longtime banking analyst Mike Mayo has issued numerous calls to sell bank stocks, a rarity in a system where nearly all stocks are rated buy or hold. His negative ratings have frequently gotten him in … Continue reading

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UBS to Eliminate 3,500 Jobs – NYTimes.com

UBS to Eliminate 3,500 Jobs – NYTimes.com.

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David Maris Is Punished as a Wall Street Whistle-Blower – NYTimes.com

David Maris Is Punished as a Wall Street Whistle-Blower – NYTimes.com. It has been noted repeatedly that almost no top bankers have faced serious consequences for their actions in the financial crisis. But there is a Wall Street corollary that … Continue reading

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Big Banks Dress Up Their Balance Sheets for Qtrly Reporting – by 42%

Regulators to Target "Window Dressing" Federal regulators are poised to propose new disclosure rules targeting "window dressing," a practice undertaken by some large banks to temporarily lower their debt levels before reporting finances to the public. The Securities and Exchange … Continue reading

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Derivatives Huge Part of Goldman Business

WSJ 8/9: At Goldman, Derivatives were 25%-35% of Revenue A memo sent to the panel Thursday night by the New York company included an analysis of derivatives-based revenue at Goldman from 2006 through 2009, said the person familiar with the … Continue reading

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I-Banks Adjusting to Dodd-Frank Law Without Profit Hit

WSJ 8/9: Street Ready to Slim Down From Bank of America Corp. to Goldman Sachs Group Inc. to Morgan Stanley, executives are deciding the fate of their proprietary trading and private-equity activities. The Dodd-Frank law restricts financial institutions from trading exclusively for their own accounts, … Continue reading

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Wall St. Business Models Changing Fast

NYT 8/5: Wall St. Faces Specter of Lost Trading Units But on Washington’s orders, Goldman is now considering a step that once would have been unthinkable: disbanding the corps of market wizards at the heart of its lucrative trading operation. … Continue reading

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A Generation of Overly Optimistic Equity Analysts

McKinsey Qtrly: A generation of overoptimistic equity analysts  

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Why Main Street Doesn’t Trust Wall Street

C'mon guys.  Stop monkeying with the books. Major banks have masked their risk levels in the past five quarters by temporarily lowering their debt just before reporting it to the public, according to data from the Federal Reserve Bank of … Continue reading

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