Summit Notebook

SEC’s Schapiro says journalist job cuts worrying

April 29, 2009

Mary Schapiro, America’s new top cop for the securities industry, said the current mass culling of journalists’ jobs is a concern because it could reduce the number of leads that regulators get as they seek to crack down on nefarious behavior.

SEC’s Schapiro shows little interest in Cox’s pet projects

April 28, 2009

When he was chairman of the Securities and Exchange Commission, Christopher Cox got slammed by many for failing to protect investors during the worst financial crisis since the Great Depression, including missing Bernie Madoff’s massive Ponzi scheme. Now, to add insult to injury, his successor is showing little interest in his pet projects concerning corporate disclosure and accounting standards, and questioning whether at least one of them is even appropriate.

from Funds Hub:

Shadow of Madoff

April 14, 2009

It's hard enough for fund firms to get investors to put money into markets when stocks are so volatile, but it seems they're also still having to wrestle with the bad publicity from U.S. financier Bernard Madoff's giant fraud.

Islamic finance just one more crisis victim?

April 13, 2009

It’s not just traditional western banks that are hurting — the recession is hitting Islamic finance hard, too.

Audio – For best M&A results? Don’t forget the fish and the booze!

March 11, 2009

There is an entire industry out there about what to do to make a merger a success. Many of us know bankers or lawyers who work for weeks and hours on end just to make sure their deals are perfectly done with all the t’s crossed and the i’s dotted.

Audio – Kinross in the ‘Sweet Spot’

March 11, 2009

In the M&A world, this is where you want to be.

Kinross Gold’s CEO Tye Burt said at the Reuters Global Mining and Steel Summit on Wednesday that as far as mergers and acquisitions go, his company is in a pretty good place — there are more deals hitting his desk, sellers are getting more motivated and Kinross, the third-largest of the Canadian gold miners, has the cash to do a little shopping.

Audio – Everybody loves a winner in Vegas, baby!

March 3, 2009

It seems that any sentence about Las Vegas, the people who work there or the stocks of the companies that run the big casinos ends better with the word “baby”. It’s almost like you can hear Frank saying it to Dino on their way into some smoky, after-hours cocktail party.

Audio – Bad is bad

March 3, 2009

Trying to compare one recession or economic downswing to another is a little like trying to decide which hurricane was the worst.