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Don’t Fall For Sandy Weill’s Crocodile Tears

Sandy Weill

The remarkably ironic pronouncement from Sandy Weill that the U.S. should resurrect some form of the Glass-Steagall Act - which he worked assiduously to tear asunder in the 1990s as he created Citigroup - has touched off another a debate about how to control the worst instincts on Wall Street.



Ben Bernanke

PIMCO names Ben Bernanke as senior advisor

PIMCO has announced that Dr. Ben Bernanke, former Chairman of the Federal Reserve, will serve as a senior advisor to the firm, contributing his economic expertise and insights to the firm’s investment process and periodically engaging PIMCO’s clients.

Exit Sign

Goldman Sachs loses partners

Twenty-two Goldman Sachs partners left the firm or gave up its highest rank since August, including Jim Katzman, a banker who guided Botox maker Allergan’s $66bn sale to Actavis.