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TUESDAY, NOVEMBER 24, 2009

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NEWS ABOUT: investment bankers

investment bankers stories: 28 news summaries

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UBS Cuts 5,500 Jobs,
Sells Off $15B in Assets

Swiss bank prepares to lay off over 2,000 investment bankers

May 6, 08 5:52 AM CDT

(Newser) - UBS will cut 5,500 jobs, slightly fewer than expected, by the middle of 2009 as part of a major restructuring effort, the troubled Swiss bank said today in announcing an $11-billion first-quarter loss. Some 2,600 of the layoffs will be among investment bankers, mostly in London and New... More »

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layoffs • UBS • investment bankers • mortgage backed securities • BlackRock • subprime crisis

Silicon Valley's Prodigal Son Comes Home

Frank Quattrone seeks to repair his rep with new investment bank

Mar 19, 08 9:50 PM CDT

(Newser) - Silicon Valley prodigal son Frank Quattrone is staging a comeback, poised to debut his new tech-centered investment bank Qatalyst—after years recovering from federal obstruction-of-justice charges. But now that he's back, the question is whether the industry will welcome home an errant child with open arms. Probably, BusinessWeek writes—if... More »

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Silicon Valley • IPO • investment bankers • Internet startups • Netscape • tech sector • information technology • tech industry • investment banks

Fidelity Pays $8M in SEC Gift Scandal

Investor giant Peter Lynch fined $20K
for procuring tickets to concerts, games

Mar 5, 08 10:20 PM CST

(Newser) - Investment guru Peter Lynch and Fidelity Investment settled SEC charges brought against them alleging that Lynch used Fidelity traders to procure tickets to high-profile concerts and sporting events. Lynch, vice chairman of Fidelity's parent company, agreed to pay $15,948 for the tickets, plus $4,183 in interest. Fidelity will... More »

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ethics • Wall Street • SEC • Fidelity • investment bankers • probe • gift • Peter Lynch

Warren Buffett Chides Banks for Role in Market Mayhem

Calls meltdown
'poetic justice'

Feb 7, 08 2:42 AM CST

(Newser) - Billionaire Warren Buffett thumbed his nose at eminent investment banks today, claiming they caused their own demise in the subprime mortgage meltdown. "It's a little poetic justice, in that the people that brewed this toxic Kool-Aid found themselves drinking a lot of it in the end," Buffett said. More »

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Warren Buffett • investment bankers • US dollar • subprime crisis

Goldman Leads Wall Street Bonus War

Under pressure to
keep talent, losing
firms shell out big

Nov 19, 07 11:56 AM CST

(Newser) - The Big Five Wall Street securities firms will pay $38 billion in bonuses this year—up from $36 billion last year—while shareholders tote up $74 billion in losses, their worst year since 2002, Bloomberg reports. All but Goldman Sachs lost more than 20% of their market value, says an... More »

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Wall Street • Goldman Sachs • Morgan Stanley • Bear Stearns • Merrill Lynch • Lehman Brothers • investment bankers • bonuses

Banker Disses Net Gold-Digger as 'Crappy Deal'

Beauty will fade, but not my money, he tells Craigslist poster

Oct 11, 07 6:27 PM CDT

(Newser) - A 25-year-old woman who sought a filthy-rich husband on Craigslist got an economics lesson from an eligible banker, who described her plan as "a plain and simply crappy deal." "Your looks will fade," he told her, "and my money will likely continue into perpetuity."... More »

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Craigslist • investment bankers • online dating • personal ads

Biggest Buyers Hit Hard in Mortgage Fiasco

‘Jumbo’ loans dry up
as subprime mess continues to spread

Aug 12, 07 11:50 AM CDT

(Newser) - As the subprime mortgage mess spreads to homeowners beyond those with poor credit ratings, jumbo mortgages are under particular pressure, the New York Times reports. An investment banker recently purchasing a $1.5 million home saw the interest rate spike from 8% to 13% in just three days. The rate... More »

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subprime mortgages • mortgage • loans • Freddie Mac • home loans • Fannie Mae • investment bankers • homeowners

BlackBerries Save Vacations for Bankers
With Sand

It's required beach reading in a crisis

Aug 12, 07 6:45 AM CDT

(Newser) - As the volatile global markets continue to burn investors, tan-fan investment bankers are managing to keep tabs on crisis-threatened portfolios and still rack up required hours on the beach—with the help of their BlackBerries. The devices have become as de riguer as umbrellas and suntan oil on sands from... More »

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investors • beach • BlackBerry • market • global economy • vacation • European Central Bank • investment bankers • global market