HALISTER: Has Wall Street Been Tamed? Fines, Job Cuts and Anger Take Toll

Has Wall Street Been Tamed? Fines, Job Cuts and Anger Take Toll

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
JPM US (JPMorgan Chase & Co)
BARC LN (Barclays PLC)
CSGN VX (Credit Suisse Group AG)
DBK GR (Deutsche Bank AG)
GS US (Goldman Sachs Group Inc/The)

People
Amar Kuchinad (Electronifie Inc)
Ana Botin (Banco Santander SA)
Bernard Sanders (United States Senate)
Chris Purves (UBS Ltd)
David Yermack (New York University)

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UUID: 7947283

HALISTER: Deutsche Bank Adds Credit Suisse’s Mattus for Americas Wealth

Deutsche Bank Adds Credit Suisse’s Mattus for Americas Wealth

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
CSGN VX (Credit Suisse Group AG)
DBK GR (Deutsche Bank AG)
WFC US (Wells Fargo & Co)

People
Oksana Poltavets (Deutsche Bank)
Patrick Campion (Deutsche Bank AG)
John Cryan (Deutsche Bank AG)
Nicole Sharp (Credit Suisse Holdings USA Inc)
Raphael Zagury (Deutsche Bank AG)

Topics
Who's News - People

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UUID: 7947283

HALISTER: Barclays Equities Executive Beebe Leaving to ‘Take a Break’

Barclays Equities Executive Beebe Leaving to ‘Take a Break’

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
BARC LN (Barclays PLC)

People
Barclays Barclays Barx (Barclays PLC)
Jonathan Beebe (Barclays PLC)
Joe Corcoran (Barclays PLC)
Robert Diamond (Atlas Merchant Capital LLC)

Topics
Financial Firm Departures
Who's News - People

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UUID: 7947283

HALISTER1: BCB MINUTES PREVIEW: New Format May Clarify BCB Internal Debate

BCB MINUTES PREVIEW: New Format May Clarify BCB Internal Debate

(Bloomberg) -- Even though statement published with last week’s Copom decision, which was the 1st under Goldfajn’s leadership, was more rich in details than previous versions, a new meeting minutes format may better reflect committee’s debate on decision day.
  • Minutes due tomorrow at 7:30 a.m. E.T.
  • The fact that statement was longer and more detailed reduces minutes’ potential impact, but doesn’t mute their significance, says Carlos Kawall, Banco Safra chief economist
    • “The minutes may be more clear considering the whole scenario, inflation risk, fiscal issues and activity”
    • “The document may be shorter and more focused on bringing insight on debate that occurred during the meeting”
    • BCB’s director Carlos Vianna worked at Fed, and new minutes may reflect his experience there
  • Solange Srour, chief economist of ARX Investimentos, says that these minutes may bring ’’more transparency on internal debates when compared to previous ones’’
    • “If BCB is focused on improving its communication, it has to present more information from internal debates”
    • Minutes are the most important local factor, even though their content may have been partially seen on statement
    • “As there will be a significant change in format, we will need to look in detail at the risk descriptions seen on statement”
  • NOTE: In July 20 statement, the BCB said its 2017 CPI forecast considering the base case scenario was near 4.5% target; 2017 market scenario forecast was near 5.3%
  • NOTE: Statement says that base case scenario and current risk conditions don’t allow for a monetary policy easing; Selic was kept at 14.25% on July 20
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Carlos Kawall Leal Ferreira (Banco J Safra)
Solange Srour (Arx Investimentos)

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UUID: 7947283

HALISTER: Bear Stearns Lawsuit Narrowed by Judge Who Lets Case Go Forward

Bear Stearns Lawsuit Narrowed by Judge Who Lets Case Go Forward

(Bloomberg) -- A federal judge has narrowed a lawsuit accusing Bear Stearns and former top executives James Cayne and Warren Spector of misleading investors about the firm’s financial condition in 2008
  • Judge Robert Sweet in Manhattan granted in part, denied in part a motion for summary judgment
  • Lawsuit was filed in 2009; opinion was made public on Monday
  • Bear Stearns also sought a ruling excluding from evidence a 2008 report by the U.S. Securities and Exchange Commission; the judge denied that request
  • Case is In Re Bear Stearns, 08-MDL-1963, U.S. District Court, Southern District of New York (Manhattan)
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
JPM US (JPMorgan Chase & Co)
1070L US (United States District Court for the Northern District of New York)

People
James Cayne (Bear Stearns & Co Inc)
Robert Sweet ((US)Dist Court:NY-Southern)

Topics
Civil Procedure

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UUID: 7947283