Slideshows
Content posted in July 2012
The True Cost of HFT, Sandy Weill's About Face, Death Star of Finance, and more
Slideshows  |  7/27/2012  | 
Sandy Weill, the former Citigroup chief executive and shatterer of Glass-Steagall says the industry needs a return to the separation of commercial and investment banks, while a recent study on HFT reveals that the practice costs long-term investors $2.5 billion per year.
The Funniest Sandy Weill Twitter Responses
Slideshows  |  7/26/2012  | 
Former Citigroup CEO and the architect of the modern mega-bank dropped a bombshell on CNBC yesterday: We should break up the big banks that are too big to fail. This statement may seem simple and sensible but consider the source: this came from the man who created these very banking behemoths. Needless to say, Twitter was abuzz comparing Sandy Weill's truth bomb to other statements no one ever expected to hear. Enjoy.
Wall Street's High Crime Area, Libor Scandal Expands, Confidence Crisis, and More
Slideshows  |  7/20/2012  | 
The Libor scandal continues to spread, with more banks and regulators being placed under the microscope for their involvement in rate rigging. Meanwhile, Wall Street's image continues to take a pounding while UBS Americas' chairman strikes out on his own.
Morgan Stanley's Earnings – By the Numbers
Slideshows  |  7/19/2012  | 
It was earnings day for the sixth largest bank in the U.S. – and it wasn’t pretty. Revenue is down though profits were up compared to the first quarter of this year.
Hot Remarks From JPMorgan's Earnings Call
Slideshows  |  7/13/2012  | 
The investment bank's $2 Billion "Bad Bet" has blossomed to a staggering $5 Billion as it unwinds, and industry observers predict it could continue to grow. In a dramatic quarterly earning report, JP Morgan CEO Jamie Dimon got a grilling from financial reporters compared to his appearance before Congress last month. Here are some of the most dramatic quotes from this morning's conference call.
Wall Street Ethics, Derivatives Rules Loopholes, The Weirdness of PFGBest and More
Slideshows  |  7/13/2012  | 
Wall Street’s take on ethics and the downfall of PFGBest dominated financial news this week, while the CFTC finally approved rules for derivatives trading and HSBC admitted that for years it had done next to nothing to prevent money laundering.
From Romney's Hedge Fund Family Tree to Parliament's HF Treasure Chest: The Top Hedge Fund Tweets 
Slideshows  |  7/6/2012  | 
What has the Twitterati been saying about hedge funds for the past few days? A potential First Lady invested a ton into her son's hedge fund, lawmakers in the UK want to grill the same hedge fund managers who donated a boatload of cash to their coffers and high-end ladies footwear were some of the hot topics. Advanced Trading chose a sample of the most provocative Tweets and gathered them into in one handy gallery. Did we miss your favorite? Send it to us and we'll re-tweet it in a hurry.
LIBOR Lowlights, RIM's Downfall, Where's Jon Corzine and more
Slideshows  |  7/6/2012  | 
The LIBOR scandal and the fall of Barclays' CEO Bob Diamond dominated financial services coverage this week, while others chatter about disgraced MF Global CEO Jon Corzine, RIM's continued downward spiral and Goldman Sachs new universe.


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