Friday Headlines: Wells Fargo mulls sale of asset-management unit
Bloomberg: Wells Fargo Is Said to Discuss Sale of Its Asset-Management Arm Wall Street Journal: Goldman Pays Billions—And Takes Millions From Top Execs—To End 1MDB Scandal…
Thursday Headlines: Hong Kong fines Goldman $350 million over 1MDB
Financial Times: Hong Kong fines Goldman Sachs record $350m over 1MDB Wall Street Journal: Bond Insurance Returns to the Muni Market in a Big Way CNBC.com:…
The Financial Services Industry’s Best Taglines
I agreed with most of Bank Innovation’s list of the 31 best taglines in financial services. Most were solid, such as “What would you like the…
Wednesday Headlines: Goldman settles 1MDB probe
Financial Times: Goldman Sachs subsidiary in Asia to plead guilty in US probe of 1MDB New York Times: The Fed’s $4 Trillion Lifeline Never Materialized. Here’s…
At Times Like This, Main Street Tops Wall Street
Now this is my kind of divergence. Leuthold Group’s Jim Paulsen notes that when Main Street is booming—which, if you look at recent numbers such as…
Tuesday Headlines: Clarida calls for additional fiscal and monetary policy moves to boost economy
Wall Street Journal: Top Fed Official Says Policy Response Could Speed Faster Recovery Bloomberg: Top Morgan Stanley Commodities Bankers Leave After Rules Breach Wall Street Journal:…
Enough With Earnings Guidance
Ugh. After collectively cutting way back on the practice at the start of the recession, more companies are starting to provide earnings guidance again. I mean…
Monday Headlines: Empty movie theatres darken malls’ outlook
Financial Times: US banks warn bonuses will not keep pace with profits Financial Times: Grim picture for US malls as crisis in movies business takes toll…
Management Insight: Passion and Curiosity Trump Experience
I’ve always believed in that old truism that it’s better to learn from other people’s mistakes than have to learn from your own, and so found…
Friday Headlines: Fed’s Quarles disappointed by prior short-term lending strains
Wall Street Journal: Fed’s Quarles Disappointed by Short-Term Lending Strains in March MarketWatch: First Citizens and CIT to merge in deal that will create 19th biggest…