Bloomberg reports that AIG hired Robert Bleimeister, a former US Army Lt. Col., last month as global head of human resources operations. And he will be expected to go about his task with military efficiency.
32 teams have made the World Cup Finals in South Africa, and we were wondering what banks are most like the teams that have qualified.
Here's the testimony of Mark Froeba, who, before leaving in 2007, was jointly responsible for evaluating all Moody's new CLO rating guidelines, before the US Financial Crisis Inquiry Commission Wednesday.
Here's Wednesday's opening remarks of Financial Crisis Inquiry Commission Chairman Phil Angelides on the subject of the ratings agencies.
It was the turn of the rating agencies (well actually only Moody's) to take their turn in the spotlight at the Financial Crisis Inquiry Commission hearings Wednesday.
Here's the testimony of Eric Kolchinsky, a former Managing Director in charge of the business line which in 2007 rated sub-prime backed Collateralized Debt Obligations at Moody's Investors Service, before the US Financial Crisis Inquiry Commission Wednesday.
Here's the testimony of Ray McDaniel, Chairman & CEO of Moody's, before the US Financial Crisis Inquiry Commission Wednesday.
Bloomberg reports that a US District Judge ordered former Goldman analyst David Pajcin, a man of Croatian origin who appears to have disappeared off the face of the earth and who is not known to be wealthly, $27.7m for his role in a $6.7m insider trading scam.
Here's a topical quote from Roger Lowenstein's excellent book 'The End of Wall Street'.
The New York Times reports that, according to a recent regulatory filing, Morgan Stanley has increased the base salary of Chairman John Mack from $800,000 to $2m.