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Industry News
July 18, 2011 Corinne Russo Recruiter, Robert Half
BY BEN PROTESS

Stock brokers are on notice to watch what they “tweet.”

Wall Street’s self regulatory organization, the Financial Regulatory Authority, has suspended a California-based broker for sending a series of “misrepresentative and unbalanced” messages on the microblogging site ...
Industry News
July 18, 2011 Marisol Reyes VP - Compliance, Credit Suisse
A fresh round of insider-trading prosecutions involving hedge funds may be in the works judging by some unusual name-dropping during two recent guilty pleas in the long-running probe.

Two former research consultants told a Manhattan federal judge that they gave confidential corporate information ...
Industry News
July 8, 2011 Marisol Reyes VP - Compliance, Credit Suisse
BY BEN PROTESS

The Securities and Exchange Commission’s fight for more money, an effort opposed by many Republican lawmakers, has met a new obstacle: the regulator’s own questionable spending.

A recent report by the S.E.C.’s internal watchdog said that the agency leased $556 million in o ...
Industry News
July 8, 2011 Chris Turonica Project Manager, HSBC
The New York Stock Exchange, an icon of American capitalism, moved closer to ceding control to a German company Thursday, with few investors lodging any protest.

Some 65.6 percent of NYSE Euronext shareholders backed the $9.4 billion takeover of the company that owns the NYSE by Deutsche Boerse A ...
Industry News
July 7, 2011 Steve Walker Business Analyst / PM - Associate, Goldman Sachs
BY BEN PROTESS

While new caps on debit card fees will cost Wall Street billions of dollars in precious revenue, the dent could have been much worse.

The Federal Reserve’s decision last week to cap the fees at 21 to 24 cents per transaction, rather than the 12 cents it originally proposed, wi ...
Industry News
July 7, 2011 Kevin McEwing VP - Trader, Bank of America - Merrill Lynch
BY MICHAEL J. DE LA MERCED

The NYSE Euronext shareholder meeting on the company’s proposed merger with Deutsche Börse is scheduled for Thursday morning, and there aren’t expected to be many surprises.

The bigger question about the fate of the exchange merger lies across the Atlantic.

N ...
Industry News
July 6, 2011 Kevin McEwing VP - Trader, Bank of America - Merrill Lynch
BY STEVEN M. DAVIDOFF

Private equity has broken venture capital’s heart, and V.C. is not taking it well.

The romance ended when Silver Lake, the private equity firm, agreed to sell Skype to Microsoft. Silver Lake is estimated to be pocketing more than $4 billion from the sale.

This would ...
Industry News
July 6, 2011 Alain Nicolas VP, UBS
By Steve Rosenbush


Ratings agency Standard & Poor’s stated the obvious on Monday – that the carefully crafted bailout plan for Greece is tantamount to default because the ‘voluntary’ participation of French and German banks would reduce the value of their holdings in Greek debt.

...
Industry News
July 5, 2011 Steve Walker Business Analyst / PM - Associate, Goldman Sachs
By Reuters

A pullback could be on the table this week for U.S. stocks after their best weekly performance in two years, especially if a raft of data headlined by the June jobs report doesn't bolster the argument of a strengthening economy.

Stocks rose for five straight days last week as the fo ...

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