Posts belonging to Category Barclays
Posted by Page PerryonMay 2, 2012
Wall Street banks could soon cut as many as 21,000 jobs in New York alone, say Wall Street consultants and recruiters. Worldwide cuts could be even larger (“Large layoffs loom on Wall Street,” Stephen Gandel, CNN Money). While the stock market is up this year, and many smaller investment banks have been hiring, and the […]
Categories: Bank of America, Barclays, Brokerage Firms, Credit Suisse, Economy, Employment Issues, Goldman Sachs, Jobs, Market Developments, Merrill Lynch, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation
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 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 PerryonAugust 8, 2011
The current free fall in the stock market is likely to activated the ticking time bombs that are hidden away in some investors’ portfolios. These time bombs are embedded in a type of structured product called Reverse Convertible Notes or Reverse Exchangeable Notes. The problem has to do with the way these products are structured.
Categories: Alternative Investments, Barclays, Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Investigations, Investment Advisers, Investor Alerts, J. P. Morgan Chase, Lehman Brothers, Morgan Stanley, RBC Dain Raucher, Reverse Convertibles, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Structured Notes, UBS, Wachovia, Wells Fargo
Posted by Page PerryonJune 30, 2011
The jobs crisis is starting to hit Wall Street banks and brokerage firms, according to a series of Wall Street Journal articles (“Wall Street Wielding the Ax,” by Aaron Lucchetti and Liz Rappaport; “Credit Suisse Set to Ax 600 Jobs,” by Katharina Bart; and “Here’s Why Wall Street Is Cutting Jobs”). A regulatory crackdown on […]
Categories: Barclays, Brokerage Firms, Citigroup/Smith Barney, Credit Suisse, Employment Issues, Goldman Sachs, Market Developments, Merrill Lynch, Morgan Stanley, Securities/Commodities Arbitration, Securities/Commodities Litigation, UBS
Posted by Page PerryonJune 3, 2011
Simply stated, senior investors (in fact, all investors) should be very leery of high-risk structured products. Author John Wasik, in conjunction with Demos and The Nation Institute, has published a white paper entitled “How Safe Are Your Savings? How Complex Derivative Products Imperil Seniors’ Retirement Security.” The paper’s focus is on structured products and how […]
Categories: Asset Backed Securities, Bank of America, Barclays, Brokerage Firms, CDOs, Citigroup/Smith Barney, Common Securities Broker Abuses, Credit Default Swaps, Derivatives, Early Retirement Scams, Elder Abuses, Goldman Sachs, Investigations, Investment Advisers, Investor Alerts, J. P. Morgan Chase, Lehman Brothers, Merrill Lynch, Morgan Keegan, Morgan Stanley, Mortgage Backed Securities, Mortgage Securities & Collateralized Debt Obligation Problems, Options, Reverse Convertibles, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Structured Notes, UBS
Posted by Page PerryonApril 1, 2011
Securities regulators are expanding their investigation Wall Street’s sales of reverse convertibles, according to Jean Eaglesham’s Wall Street Journal article entitled, “Complex Bond Faces Regulators’ Scrutiny. Earlier this week the Financial Industry Regulatory Authority (FINRA) announced it was conducting “sweeps” of certain firms to gather information about their advertising for these structured products.
Categories: Bank of America, Barclays, Brokerage Firms, Citigroup/Smith Barney, Common Securities Broker Abuses, Derivatives, Investigations, Investment Advisers, Investor Alerts, J. P. Morgan Chase, Merrill Lynch, Morgan Stanley, Regulatory Developments, Reverse Convertibles, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Structured Notes, UBS
Posted by Page PerryonFebruary 16, 2011
If you are an investor who lost money in the financial crisis, your stockbroker or investment advisor may owe you money. There are a variety of legal claims that can be brought for investment malpractice, ranging from fraud and misrepresentation to making unsuitable investment recommendations. But there are also legal deadlines for bringing such claims, […]
Categories: Asset Backed Securities, Auction Rate Securities, Bank of America, Bank of New York Mellon, Barclays, Brokerage Firms, CDOs, Citigroup Hedge Funds, Citigroup/Smith Barney, Common Securities Broker Abuses, Credit Default Swaps, Credit Suisse, Derivatives, Deutsche Bank, Goldman Sachs, Hedge Funds, Investment Advisers, Investment Malpractice, Investor Alerts, J. P. Morgan Chase, Legg Mason, LPL Financial, Misrepresentation/Omission, Morgan Keegan, Morgan Stanley, Mortgage Backed Securities, Mortgage Securities & Collateralized Debt Obligation Problems, Oppenheimer, Preferred Stocks, Raymond James, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Structured Notes, SunTrust, UBS, Unsuitable Recommendations, Wachovia, Wells Fargo
Posted by Page PerryonFebruary 14, 2011
The new whistleblower program that pays big cash rewards for tips about investment fraud has already resulted in a large number of high quality tips to the SEC, according to a news story this week on CNBC. According to the report, the SEC expects to receive 30,000 tips this year?just one year after the program […]
Categories: Ameriprise, Bank of America, Bank of New York Mellon, Barclays, Brokerage Firms, Charles Schwab, Citigroup/Smith Barney, Credit Suisse, Deutsche Bank, Employment Issues, Fidelity, Financial Industry Whistleblowers, Goldman Sachs, J. P. Morgan Chase, Legg Mason, LPL Financial, Merrill Lynch, Morgan Keegan, Morgan Stanley, Oppenheimer, Raymond James, RBC Dain Raucher, Regulatory Developments, Securities America, Securities/Commodities Arbitration, Securities/Commodities Litigation, State Street, SunTrust, TD Ameritrade, UBS, Wells Fargo
Posted by Page PerryonJanuary 24, 2011
The U.K. bank Barclays PLC was handed a $12.2 million fine and will be required to pay up to $96 million to customers who were improperly sold two stock-and-bond funds, according to an article in the Wall Street Journal by Margot Patrick. The settlement arose out of an investigation by the U.K.’s Financial Services Authority. […]
Categories: Barclays, Bonds, Brokerage Firms, Common Securities Broker Abuses, Investment Malpractice, Mutual Funds, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation
