from Breakingviews:

Memo to Wall Street: more Ace Greenberg please

July 25, 2014

By Antony Currie

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from The Great Debate:

Are banks too big to indict?

By Charles R. Morris
January 24, 2014

The great 19th century English jurist, Sir James Fitzjames Stephens, once wrote that murderers were hung not for reasons of revenge or deterrence -- but to underscore what a serious breach of the social compact had been committed.

from Unstructured Finance:

While you were sleeping (the China ISM number came out)

December 3, 2012

By Katya Wachtel

For Omega Advisors' Steve Einhorn, the window of sleep-able hours is narrowing.

"One needs to know whats going on around the world. I turn in around midnight so I can monitor what's going on in China and Japan," Einhorn, vice chairman at Leon Cooperman's $7billion fund, said at the Reuters Global Investment Summit last week.  "A decade ago, did I and most others focus on what's going on in China? No. Now we wait for the November manufacturing index for China to come out. The day is longer because of that. I am up around 6 in the morning; I review what has gone on overnight in Asia and in Europe. I spend an hour in front of the machine at home, going through data and news releases" before he's out the door.

from Bethany McLean:

Case against Bear and JPMorgan provides little cheer

By Bethany McLean
October 10, 2012

Last week, New York Attorney General Eric Schneiderman, who is the co-chairman of the Residential Mortgage-Backed Securities Working Group – which President Obama formed earlier this year to investigate who was responsible for the misconduct that led to the financial crisis – filed a complaint against JPMorgan Chase. The complaint, which seeks an unspecified amount in damages (but says that investors lost $22.5 billion), alleges widespread wrongdoing at Bear Stearns in the run-up to the financial crisis. JPMorgan Chase, of course, acquired Bear in 2008. Apparently, this is just the beginning of a Schneiderman onslaught. “We do expect this to be a matter of very significant liability, and there are others to come that will also reflect the same quantum of damages,” Schneiderman said in an interview with Bloomberg Television. “We’re looking at tens of billions of dollars, not just by one institution, but by quite a few.”

from Breakingviews:

Maybe Jamie Dimon wasn’t so clever with Bear

October 2, 2012

By Antony Currie

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Unstructured Finance:

Libore? The real scandal is still CDOs

July 5, 2012

By Matthew Goldstein

There is an opaque financial market where pricing is determined by a cadre of Wall Street banks and private emails show that behind the scenes  many in the market don't even believe in what they are doing.

from Christopher Whalen:

“Reckless Endangerment” and the unwritten history of Washington

July 14, 2011

Some disclosures: I review the new book, "Reckless Endangerment: How outsized ambition, greed, and corruption led to economic Armageddon", by Gretchen Morgenson and Josh Rosner, not because both authors are my friends. They are.  Nor do I review this book because it concisely summarizes the confluence of public policy and private avarice we all know as the subprime mortgage crisis. It does, and more.

from Funds Hub:

Service providers flag hedge fund health

June 23, 2010

Fund service providers were back in force at the GAIM hedge funds conference in Monaco this year, a small sign that the industry, while not exactly brimming with confidence, has at least crawled out of the doldrums of 2009.

from Financial Regulatory Forum:

Financial Crisis Inquiry Commission

May 5, 2010

Live coverage of the “The Shadow Banking System” hearing.