Risk Management

04:15 PM
Greg MacSweeney
Greg MacSweeney
Slideshows
Connect Directly
LinkedIn
Twitter
Facebook
Google+
RSS
E-Mail
50%
50%

The Facebook IPO Debacle, JPMorgan Deja Vu, What Will RIM Do With the BlackBerry? and More Quotes of the Week

Facebook's flubbed IPO, too-big-to-fail banks, RIM/Blackberry's future, JPMorgan's financial circus deja vu and the euro's coming armageddon are just a few of the quotes that made it to this week's quote roundup.
Previous
3 of 7
Next


3. Secret Society

Wall Street is increasingly turning into a giant favor-and-front-running factory, where the big banks and broker-dealers that channel vast streams of crucial non-public information are also trading for their own accounts.

— Matt Taibbi, Rolling Stone contributing editor, in a column about JPMorgan's $2 billion loss.

Source: Rolling Stone

 

Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio

Previous
3 of 7
Next
Comment  | 
Print  | 
More Insights
Register for Wall Street & Technology Newsletters
White Papers
Current Issue
Wall Street & Technology - July 2014
In addition to regular audits, the SEC will start to scrutinize the cyber-security preparedness of market participants.
Video
Inside Abel Noser's Trading Floor
Inside Abel Noser's Trading Floor
Advanced Trading takes you on an exclusive tour of Abel Noser's New York trading floor, where the agency broker known for transaction cost analysis, is customizing algorithms for the buy side, while growing its fixed income trading and transitions business.