Author Archives: dealbroken

Write-Offs: 01.17.13

Posted on January 17, 2013

$$$ Fewer Join Top Ranks at Morgan Stanley $$$ Herbalife expects earnings above analysts’ estimates, to restart buyback [Reuters] $$$ “We’ve got to get to a point where we stop destroying our shareholders’ capital,” said Corbat, who replaced Vikram Pandit … Continue reading →

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Barclays Chief Understands Not Everyone At The Bank Will Be Comfortable Complying With New Company Policy That Dictates They Follow The Law

Posted on January 17, 2013

By Bess Earlier today, Barclays chief Anthony Jenkins sent out a memo to employees informing them that moving forward, there’d be a new way of doing things ’round the bank. Namely, that whereas during his predecessor’s tenure, manipulating interest rates … Continue reading →

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SEC Insider Trading Investigation Reveals SEC Is Really Good At Insider Trading Investigations, Anyway

Posted on January 17, 2013

By Matt Sheelah Kolhatkar’s cover story today in Bloomberg BusinessWeek about the SEC’s hunt to capture Steve Cohen is pretty amazing, and depending on your priors will leave you impressed or infuriated or both with the SEC. I vote both, … Continue reading →

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Opening Bell: 01.17.13

Posted on January 17, 2013

Charges Weigh On Bank Of America’s Profit (WSJ) Overall, Bank of America reported a profit of $732 million versus a profit of $1.99 billion a year earlier. On a per-share basis, which includes the payment of preferred dividends, the bank reported … Continue reading →

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