james-gorman
Hamilton Nolan · 09/06/13 12:54PM
Lone CEO Shuts Down Entire Wall Street Rumor Mill With Sheer Intimidation
Hamilton Nolan · 12/17/10 09:58AMWall Street: Friday Morning
cityfile · 05/15/09 05:40AM• The Carlyle Group will pay $20 million to end an investigation by Andrew Cuomo into its dealings with pensions and placement agents. [NYT, WSJ]
• Two attorneys at the SEC are under investigation for insider trading. [CBS]
• Hedge fund manager Jim Simons is facing tough questions from angry investors who put money into one of Simons' under-performing funds. [WSJ]
• Barclays is in talks to sell its Barclays Global Investors. Blackrock and Bank of New York Mellon are two of the bidders. [BN, Reuters]
• Six major insurance companies are getting a bailout. [BN, NYT]
Citi and Morgan Stanley Close In on a Deal
cityfile · 01/12/09 07:37AM• Talks between Citigroup and Morgan Stanley continue as the two banks discuss a plan to combine Citi's Smith Barney unit with Morgan Stanley's brokerage division in a joint venture worth $20 billion. [FT, Bloomberg, WSJ]
• It remains unclear if Vikram Pandit will be able to hang on as Citigroup's CEO, especially amid rumors the bank will report a $10 billion loss for the fourth quarter. In the meantime, banking regulators are pushing for the removal of Citi's chairman, Win Bischoff. [NYT, WSJ]
• The man who will likely lead the Citi-Morgan Stanley joint venture, James Gorman, is now considered the frontrunner to take over for Morgan Stanley CEO John Mack when he retires next year. [Bloomberg]
• Phil Falcone's Harbinger is the latest hedge fund to limit redemptions. [DB]
• The board of the Federal Reserve of New York met with candidates over the weekend as part of their effort to find a replacement for Tim Geithner. [NYT]
The End of the Rally?
cityfile · 11/26/08 06:20AM♦ Don't expect another winning day on Wall Street: Stock futures pointed lower following grim news about unemployment and consumer spending. [WSJ]
♦ Consumer spending fell 1 percent in October, the steppest decline in seven years. And the four-week average of new jobless claims hasn't been this high since January 1983. [CNN, WSJ]
♦ Good news: Shares of Citigroup appear to have stabilized. Bad news: Not everyone is convinced the rescue plan will be enough to keep Citigroup solvent. And it's never a good sign of things to come when your head of human resources suddenly jumps ship. [WSJ]