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Bank of America CEO Fighting More Fires

Bloomberg quotes Blackstone CEO Stephen Schwarzman who, when speaking recently about Bank of America CEO Brian Moynihan, said: 'Brian's got his hands totally full...He is in firefighter mode, dealing with fires that will be contained, but need attention'.

Top Hedgie Looks Forward To $1.23bn Payday

Hedge Fund

The Daily Mail reports that hedge fund icon John Paulson, the guy who pulled in $15bn in profits for his firm, Paulson & Co, in 2007/08 shorting the US housing market (and a cool $4bn for himself in the process), looks set for another $1bn plus personal payday for his work in 2010.