Posts belonging to Category Bank of America
Posted by Page PerryonNovember 7, 2011
Unfortunately, many investors are experiencing first hand the truism that hedge fund managers rarely outperform the market on consistent basis. John Paulson, the hedge fund manager who made a killing when Goldman Sachs let him select bad CDO assets, which he turned around and bet against, is having a tough time in 2011. His hedge […]
Categories: Alternative Funds, Alternative Investments, Bank of America, Brokerage Firms, CDOs, Citigroup Hedge Funds, Citigroup/Smith Barney, Derivatives, Goldman Sachs, Hedge Funds, Investigations, Investment Advisers, Investor Alerts, Mortgage Securities & Collateralized Debt Obligation Problems, Private Investments/Reg D, REITs, Reverse Convertibles, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Structured Notes
Posted by Page PerryonOctober 21, 2011
Occupy Wall Street has swept the globe and is generating enormous sympathy and interest in Asia as well as Europe. The spread of Occupy Wall Street to Asia ? especially Japan ? is further evidence that it is a mistake to dismiss a global groundswell of anger over the flow of money from banks to […]
Categories: Bank of America, Brokerage Firms, Citigroup/Smith Barney, Credit Suisse, Deutsche Bank, Economy, Employment Issues, Goldman Sachs, Investor Rights, J. P. Morgan Chase, Jobs, Market Developments, UBS
Posted by Page PerryonOctober 12, 2011
The securities industry in New York City has lost 22,000 jobs since January 2008, and will lose another 10,000 by the end of next year, according to a report by New York City’s Comptroller Thomas P. DiNapoli. If his predictions are correct, Wall Street will have lost 17% of its jobs. Wall Street has shed […]
Categories: Bank of America, Barclays, Brokerage Firms, Credit Suisse, Economy, Employment Issues, Goldman Sachs, Investment Advisers, Jobs, Market Developments, Merrill Lynch, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools
Posted by Page PerryonOctober 6, 2011
Merrill Lynch agreed to pay $1 million to settle charges by the Financial Industry Regulatory Authority (FINRA) that it failed to supervise Bruce Hammonds, a San Antonio-based representative, who was ‘selling away’ from the firm by operating a $1 million dollar Ponzi scheme for more than 10 months. The ponzi scheme, named B&J Partnership, used […]
Categories: Bank of America, Brokerage Firms, Common Securities Broker Abuses, Investment Advisers, Merrill Lynch, Ponzi Schemes, Regulatory Developments, Securities/Commodities Arbitration, Securities/Commodities Litigation
Posted by Page PerryonSeptember 29, 2011
Jobs at Wall Street banks are being eliminated at an increasingly rapid pace and this bodes ill for many employed in the financial services sector. Bloomberg’s recent article “UBS Bankers Face Dwindling Options for Jobs” underscores this situation. Those pushed out at UBS will doubtless find few opportunities on Wall Street. The bigger story, however, […]
Categories: Bank of America, Barclays, Brokerage Firms, Credit Suisse, Economy, Employment Issues, Financial Industry Whistleblowers, Goldman Sachs, Jobs, Market Developments, Securities/Commodities Arbitration, Securities/Commodities Litigation, UBS
Posted by Page PerryonSeptember 28, 2011
A Bank of America employee will collect $930,000 from his former employer, Bank of America, for being fired in violation of the whistleblower protections. The employee blew the whistle on fraud at Countrywide Financial Corp. and led internal investigations that found “pervasive wire, mail and bank fraud involving Countrywide employees,” according to the U.S. Department […]
Categories: Asset Backed Securities, Bank of America, Brokerage Firms, CDOs, Derivatives, Employment Issues, Financial Industry Whistleblowers, Investigations, Investor Alerts, Mortgage Backed Securities, Mortgage Securities & Collateralized Debt Obligation Problems, Reverse Convertibles, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Structured Notes
Posted by Page PerryonSeptember 27, 2011
The risks are increasing for investors in principal protected notes, reverse convertibles and other structured products associated with Bank of America, Citigroup and Wells Fargo. Moody’s recently announced that it has downgraded the debt of those financial institutions. One reason given: the U.S. government is unlikely to bail them out again. “It is more likely […]
Categories: Alternative Investments, Bank of America, Brokerage Firms, Citigroup/Smith Barney, Investigations, Investment Advisers, Reverse Convertibles, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Structured Notes, Wachovia, Wells Fargo
Posted by Page PerryonSeptember 23, 2011
What in the world is going on with corporations today? How does one draw the line between capitalism and greed? Whatever happened to the theory that when employee hard work contributes in a positive way to the corporate bottom-line, everyone prospers? These are some issues addressed by Sally Kohn writing for The Guardian, a British […]
Categories: Bank of America, Brokerage Firms, Economy, Employment Issues, Goldman Sachs, Investment Advisers, Market Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools
Posted by Page PerryonSeptember 21, 2011
Unemployment is due to remain at 9 to 10% and the nation’s poor continue to increase. Incomes across the board have declined over the last several years but the poor show a greater loss than the rich. As Hope Yen points out in an article for the Associated Press, the statistics behind this phenomenon are […]
Categories: Bank of America, Brokerage Firms, Economy, Employment Issues, Market Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools
Posted by Page PerryonSeptember 16, 2011
Many investors, both individuals and corporations, were misled by their brokers and harmed during the credit crisis. For various reasons, however, many such investors have not yet taken action to recover their losses. Some have delayed taking action in order to see whether the misconduct warranted legal action while others just put it off until […]
Categories: Alternative Investments, Asset Backed Securities, Auction Rate Securities, Bank of America, Bank of New York Mellon, Brokerage Firms, CDOs, Citigroup/Smith Barney, Common Securities Broker Abuses, Derivatives, Deutsche Bank, Early Retirement Scams, Elder Abuses, Goldman Sachs, Hedge Funds, Investment Advisers, Investor Alerts, J. P. Morgan Chase, Merrill Lynch, Mortgage Backed Securities, Mortgage Securities & Collateralized Debt Obligation Problems, Reverse Convertibles, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Structured Notes, SunTrust, UBS
