Resources

50 Resources for

matthew goldstein

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BlackRock: Behemoth with Ever-Growing Role Managing Troubled Government Assets
Matthew Goldstein submits: Larry Fink has an interesting take on what constitutes a conflict of interest on Wall Street. The BlackRock BLK chief executive presides over a behemoth that has played an ever-growing role in managing troubled assets taken on by the federal government during the heat...
Tags: US Market, Financial, Matthew Goldstein, BlackRock Inc.
External links 2009-11-11
Sheila Bair's Citi Focused Summer
Matthew Goldstein submits: Sheila Bair and Dick Parsons may not be best friends, but they certainly spent a lot of time together this summer. Federal Deposit Insurance Corp. head Bair and the Citigroup C chairman met or spoke on the phone on at least five occasions during...
Tags: US Market, Financial, Matthew Goldstein, Citigroup Inc., Wachovia Corp., Workbrain Corp.
External links 2009-10-01
Nation's Banks Poised to Generate Record Revenue from Derivatives Trading This Year
Matthew Goldstein submits: The nation’s top commercial banks are poised to generate record revenue from trading derivatives this year. And that’s as good a reason as any why no one should expect the nation’s bank to go along peacefully with a plan to regulate the trading of these sophisticated...
Tags: Financial, Matthew Goldstein, Goldman Sachs Group Inc., J.P. Morgan Chase & Co.
External links 2009-09-30
Jes Staley: Dimon in the Rough?
Matthew Goldstein submits: It’s a natural impulse of journalists to herald a top-level corporate management shake-up as setting the stage for a new heir apparent to a strong-willed chief executive. And not surprisingly, that’s how some in the financial media are reacting to news of yesterday’s changing of the...
Tags: Financial, Matthew Goldstein, J.P. Morgan Chase & Co.
External links 2009-09-30
Federal Government Must Take a More Aggressive Stance with Failed Financial Giants
Matthew Goldstein submits: Herb Allison, the Treasury’s man overseeing the $700 billion bailout fund, has provided another reason why it’s rarely a good idea to put a former Wall Street executive in the position of making policy for banks. Yesterday, the former Merrill Lynch president and former...
Tags: Financial, Matthew Goldstein, American International Group Inc., Citigroup Inc.
External links 2009-09-25
AIG Needs Dissolving
Matthew Goldstein submits: The federal government's $180 billion effort to prop up American International Group AIG has worked, averting an even bigger financial catastrophe. Now it's time for the Obama administration to oversee the dismantling of the failed insurance giant with all due speed. A report this...
Tags: Financial, Matthew Goldstein, American International Group Inc.
External links 2009-09-22
SEC Shouldn't Rest On Flash Trading Ban
Matthew Goldstein submits: Securities regulators will often settle for the proverbial low-hanging fruit -- prosecuting easy cases that don't make a big difference in the way Wall Street operates. But it does give the appearance they're doing something. And so it is with the Securities and Exchange Commission's proposal...
Tags: US Market, Matthew Goldstein, Dendreon Corp., UAL Corp.
External links 2009-09-18
Among Its Other Sins Lehman Was a Tax Scofflaw Too
Matthew Goldstein submits: Wow, Lehman Brothers (LEHMQ.PK) really didn’t like paying taxes. Back in June, New York City’s tax department filed a $626 million claim for back taxes against the bankrupt investment bank. And now comes New York State with an even bigger $1.2 billion tax claim....
Tags: Financial, Matthew Goldstein
External links 2009-09-17
Why Is Obama Timid About AIG?
Matthew Goldstein submits: I’ve been pretty amazed at how silent the Obama administration has been about Robert Benmosche’s antics since becoming the well-compensated CEO of American International Group AIG–the defacto government owned insurer. But after reading this story in The New York Times, I was shocked to...
Tags: Financial, Matthew Goldstein, American International Group Inc.
External links 2009-09-15
Time for the Feds to Finally Get Tough with Troubled Bank Giants
Matthew Goldstein submits: It’s way too soon for the federal government to contemplate reducing its considerable equity stake in Citigroup C. If anything, now’s the time for the feds to finally get tough with the troubled giant and establish a firm deadline for forcing Citi to shrink...
Tags: US Market, Financial, Matthew Goldstein, Citigroup Inc.
External links 2009-09-15
Lawsuit Against UBS Resurfaces to Threaten Wall Street Itself
Matthew Goldstein submits: Sometimes legal fishing expeditions pay off. A year ago, a Connecticut hedge fund sued UBS, contending that it knowingly sold toxic mortgage-backed securities to institutional investors but never disclosed that information. by Matthew Goldstein
Tags: Financial, Matthew Goldstein, Moody's Corp., UBS AG
External links 2009-09-15
High Frequency Trading and Big Dollars
Matthew Goldstein submits: There’s more evidence about the big profitability of computer-driven high-frequency trading. The Wall Street Journal says Ken Griffin’s Citadel Investment Group hedge fund empire made $1 billion from proprietary trading with HFT last year. The profitability number came out during testimony in an ongoing...
Tags: US Market, Financial, Matthew Goldstein, Goldman Sachs Group Inc.
External links 2009-10-04
BofA and the Succession Obsession
Matthew Goldstein submits: Wall Street loves to speculate about who may be the chief executive in waiting at some large company. That obsession with succession is evident in the wake of Ken Lewis' decision to step down as chief executive of Bank of America BAC by year-end....
Tags: Financial, Matthew Goldstein, Bank of America Corp.
External links 2009-10-05
Commission Churning Out at Citi
Matthew Goldstein submits: Citi is kicking the commission habit for its remaining brokerage customers. The big bank says it is shifting away from charging commissions on customer trades and going towards a more customer friendly, fee-only business model. The change applies to investment advisors working out of...
Tags: Financial, Matthew Goldstein, Citigroup Inc., Morgan Stanley, BioMS Medical Corp.
External links 2009-10-06
The Securities Case Worth Watching
Matthew Goldstein submits: The financial world remains abuzz over the latest twists and turns in the insider-trading case involving Galleon Management co-founder Raj Rajaratnam. At the same time, too little attention is being paid to the criminal trial of two former Bear Stearns hedge fund managers. The...
Tags: US Market, Matthew Goldstein, American International Group Inc.
External links 2009-10-30
Galleon's 'Don't Ask, Don't Tell' Culture
Matthew Goldstein submits: Galleon Group, the hedge fund at the center of a huge insider-trading case, appears to have been something of a swashbucklers’ haven when it came to compliance. As its founder, Raj Rajaratnam, fights charges of illegal insider trading, details have emerged indicating that Galleon...
Tags: US Market, Matthew Goldstein, Intel Corp.
External links 2009-10-26
Ghost of Bear Stearns Hedge Fund Haunts Insider Trading Case
Matthew Goldstein submits: The ghost of Bear Stearns is still haunting Wall Street. Nineteen months after Bear Stearns collapsed, one of its former hedge funds, New Castle Funds, is at the center of a huge insider trading case that has ensnared Raj Rajaratnam and his onetime $5...
Tags: Financial, Matthew Goldstein, J.P. Morgan Chase & Co.
External links 2009-10-25
Time to End the Ken Lewis Horror Show
Matthew Goldstein submits: Ken Lewis’ stewardship over his big bank of horrors needs to end now. If there was any doubt that Bank of America BAC would be better off with an interim chief executive instead of letting Lewis keep the seat warm for another few months,...
Tags: Financial, Matthew Goldstein, Bank of America Corp., J.P. Morgan Chase & Co.
External links 2009-10-18
How Galleon Got (and Lost) Its Edge
Matthew Goldstein submits: The arrest of hedge fund millionaire Raj Rajaratnam on charges that he and his $7 billion Galleon Group hedge fund profited from illegal insider trading will no doubt feed suspicion in some corners about the way hedge funds generate fat profits. But for anyone...
Tags: US Market, Matthew Goldstein, Moody's Corp.
External links 2009-10-18
Citigroup's Dark Arts
Matthew Goldstein submits: Wall Street pay czar Ken Feinberg should give Vikram Pandit a pay raise. The Citigroup C chief executive has certainly earned it based on his mastery of the dark arts and alchemy. It takes sheer wizardry to announce simultaneously a small $101 million profit...
Tags: Financial, Matthew Goldstein, Citigroup Inc.
External links 2009-10-15