Lauren's Feed
Jun 25, 2015

Dataminr finance chief departs unexpectedly – sources

NEW YORK, June 11 (Reuters) – Dataminr Inc, a technology
company that alerts traders, government officials and
journalists to important tweets, has lost its chief financial
officer.

The abrupt departure of Tania Secor, who had been CFO since
November 2013, comes a few months after the company raised a
third round of funding from high-profile investors, valuing the
company at $700 million.

Jun 11, 2015

Dataminr finance chief departs unexpectedly: sources

NEW YORK (Reuters) – Dataminr Inc, a technology company that alerts traders, government officials and journalists to important tweets, has lost its chief financial officer.

The abrupt departure of Tania Secor, who had been CFO since November 2013, comes a few months after the company raised a third round of funding from high-profile investors, valuing the company at $700 million.

Jun 9, 2015

Morgan Stanley’s Fleming says Fed may hike rates twice in ’15

NEW YORK (Reuters) – One of Morgan Stanley’s (MS.N: Quote, Profile, Research, Stock Buzz) most senior executives said he believes the U.S. Federal Reserve will begin lifting its interest rate targets in September – and may raise them a second time before the end of the year.

“There’s a lot of momentum in the U.S. economy and animal spirits – that wonderful phrase – seem to be kicking in,” Greg Fleming, president of Morgan Stanley’s wealth and asset management businesses, said in New York at the Reuters Wealth Management Summit on Tuesday.

Jun 9, 2015

Morgan Stanley adds more banking services for wealth clients

NEW YORK (Reuters) – Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) has ambitions to become a full-service bank for its wealth management clients, and has begun offering credit cards, debit cards and an array of cash-management products and services, two senior executives said on Tuesday.

“We basically want to do with our existing clients whatever they might be able to do with a retail bank,” Greg Fleming, president of Morgan Stanley Wealth Management, said in New York at the Reuters Wealth Management Summit. “Really everything that the client is focused on from a financial services standpoint, we want them to do it with Morgan Stanley.”

Jun 2, 2015

Goldman executives take victory lap in debate over business model

NEW YORK, June 2 (Reuters) – Senior Goldman Sachs Group Inc
executives took a victory lap on Tuesday, telling an
investor conference that the bank’s recent results show they
have been right all along about its trading-heavy business
model.

Goldman’s top brass have been arguing for years that a
business lull that began in 2010 was “cyclical” and would
eventually end. Volatility would pick up again, they said, and
clients would go back to trading and doing big deals. The bank
might regret dramatic changes that rivals were making, like
exiting certain trading businesses, they said.

May 29, 2015

Exclusive: Stifel in lead to buy Barclays’ U.S. wealth unit – sources

By Lauren Tara LaCapra and Jessica Toonkel

(Reuters) – Investment bank Stifel Financial Corp (SF.N: Quote, Profile, Research, Stock Buzz) is in advanced negotiations to acquire Barclays Plc’s (BARC.L: Quote, Profile, Research, Stock Buzz) U.S wealth management unit, according to three people familiar with the situation.

Stifel is now negotiating key aspects with Barclays, although a deal is not certain and Barclays could go back to other bidders that have made offers, the people said this week.

May 28, 2015

Unrepentant Lehman ex-CEO Fuld says firm ‘was not bankrupt’

NEW YORK (Reuters) – Six years, seven months and 13 days after Lehman Brothers Holdings Inc filed for bankruptcy, its former chief executive, Richard Fuld Jr., is still insisting it did not go broke.

“Lehman Brothers in 2008 was not a bankrupt company,” Fuld said at a conference in Manhattan on Thursday, his first such public appearance since the financial crisis for which Lehman’s massive Chapter 11 filing marked a tipping point.

May 7, 2015

Paulson, Bernanke: What’s said in Vegas stays in Vegas

LAS VEGAS (Reuters) – Would you like to know whether sage investor and mammoth hedge fund manager John Paulson is bullish on stocks? Or how about what he sees as the most promising investment opportunities today? We’d love to tell you, but we’ve been sworn to secrecy.

We’re also dying to share what former Federal Reserve Chairman Ben Bernanke had to say, but we weren’t even allowed in the room.

Apr 23, 2015

Exclusive: Bitcoin exchange itBit seeks New York banking license

NEW YORK (Reuters) – In a little noticed move, bitcoin exchange itBit has filed for a banking license in New York, according to the state banking authority.

Approval for the license may come in the next couple of weeks, people familiar with the matter told Reuters, which could make itBit the first bitcoin company to be regulated as a bank in the United States.

Apr 23, 2015

Bitcoin exchange itBit seeks New York banking license

By Lauren, Tara and LaCapra

(Reuters) – NEW YORK – In a little noticed move,
bitcoin exchange itBit has filed for a banking license in New
York, according to the state banking authority.

Approval for the license may come in the next couple of
weeks, people familiar with the matter told Reuters, which could
make itBit the first bitcoin company to be regulated as a bank
in the United States.