Breaking News

Tag Archives: Merrill Lynch

In rare fumble, Goldman stuns Wall Street with weak trading; Markets Start to Ponder the $13 Trillion Gorilla in the Room; Goldman, BofA Cash In on a Leveraged-Loan Frenzy Like No Other John Lothian Newsletter,Newsletter

First Read Steve Ballmer Serves Up a Fascinating Data Trove Andrew Ross Sorkin- NY Times On Tuesday, Mr. Ballmer plans to make public a database and a report that he and a small army of economists, professors and other professionals have been assembling as part of a stealth start-up over the last three years called USAFacts. The database is perhaps the first nonpartisan effort to create a fully integrated look at revenue and spending across federal, state and local governments. ****JB: It is a pretty slick website. Although there are still gaps to be finished it is well worth…

John Lothian Newsletter: Six Exchanges Collectively Fine Merrill Lynch; CBOE, Bats Deal Creates New Exchange Behemoth; Hedge Funds Take Another Punch to Gut John Lothian Newsletter,Newsletter

First Read Kristin Boggiano, Guggenheim Partners – It’s a Jungle Out There “You’re going to reinvent yourself your whole career. It’s not just a one-step thing. You may start off in the Ecuadorian Amazon, and become a regulatory lawyer years later.” When Kristin Boggiano was finishing college, she admittedly had no clue what she wanted to do. So when she got an opportunity to spend three weeks in the jungles of Ecuador working with indigenous tribes, she jumped at the chance. When she returned, she still had no conclusions, except that she really enjoyed indoor plumbing, air conditioning and…

Getting Squeezed: Introducing Brokers Numbers Waning, Growth Wanting, Future Questioned Blog,Commentary

New Introducing Broker numbers hit historical low; IB Numbers Shrink 17 percent Since Financial Crisis There is a funny story about former MF Global CEO Jon Corzine, when he held his first all company conference call with employees. He said he was impressed with how many investment bankers the firm had, having no clue that the number of IBs affiliated with MF Global actually meant introducing brokers. The fate of the company was probably sealed right then and there. While investment bankers have had their own problems in recent years, it is introducing brokers whose best days seem behind them….