Banks shiver as UBS swallows $885 million U.S. fine

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Wall Street Job Report Newsletter July 26, 2013                    Banks shiver as UBS swallows $885 million U.S. fine 07-26-2013 09:40:31 AM UBS will pay $885 million in a settlement with a U.S. regulator over allegations the Swiss bank misrepresented mortgage-backed bonds during the housing bubble, paving the way for billions more to be paid by other banks. European and U.S. lenders such as Credit (...)Read the rest of this entry »The post Banks shiver as UBS swallows $885 million U.S. fine appeared first on The Wall Street Job Report....» SAC Case Threatens a Wall St. Cash Cow 07-26-2013 12:20:53 PM Wall Street now has to contemplate life without SAC Capital Advisors, the hedge fund that manages billions of dollars. In a rare and aggressive action, federal authorities on Thursday indicted the fund on criminal charges. And in doing so, the (...)Read the rest of this entry »...» Wells Fargo has quietly become a powerhouse 07-26-2013 09:54:58 AM Wells Fargo has stolen the title (paywall) of world's largest bank by market capitalization from the Industrial & Commercial Bank of China (ICBC). Wells now wields a market capitalization of $236 billion. But the bank's gains aren't limited to size alone; the bank (...)Read the rest of this entry »..» Profit at Nomura Surges on Rally in Japanese Markets 07-26-2013 09:50:28 AM Nomura is riding high on Abenomics. Nomura, Japan's biggest brokerage firm, said on Friday that net income for the April-to-June quarter soared to 65.9 billion yen, or $667 million. That was nearly 35 times greater than the 1.9 billion yen (...)Read the rest of this entry »....» JPMorgan's Tom Lee Now Has The Most Bullish Stock Market Forecast On Wall Street 07-26-2013 09:46:09 AM In a note to clients this morning, JPMorgan's chief U.S. equity strategist Tom Lee jacks up his year-end S&P 500 price target to 1775 from 1715. The new forecast implies an additional 5% upside from Thursday's close at 1690, and (...)Read the rest of this entry »...» The Truth about Not Telling the Truth During an Interview 07-26-2013 12:57:18 PM There are at least three rules you should follow with respect to telling the truth about your compensation during an interview: Please be honest about your base salary, bonus, stock options, and any and all other remunerations received from your (...)Read the rest of this entry »...» Goldman CEO on risk: The worst 'absolutely will happen' 07-26-2013 12:48:32 PM Investors should always prepare for the most extreme risk scenario because it will happen, Goldman Sachs CEO Lloyd Blankfein told the Australian Institute of Company Directors at a breakfast briefing on Friday. Blankfein, who's been Goldman CEO since 2006, steered (...)Read the rest of this entry »...» M.&A. Tables Don't Give Full Score 07-26-2013 12:44:53 PM Lazard's latest earnings report shows that mergers and acquisitions rankings have few clothes. The Wall Street firm ended this year's first half with a 10 percent share of completed deals, leaving it in ninth place in industry league tables, according (...)Read the rest of this entry »...» Feds Will Seek Forfeiture of Around $10 billion From SAC 07-26-2013 12:05:25 PM The government will seek forfeiture of around $10 billion from SAC Capital Advisors in its insider-trading case against the firm, according to a person familiar with the matter. In a civil complaint made public Thursday, the U.S. Attorney's office in (...)Read the rest of this entry »...» SAC Capital pleads not guilty to insider trading charges 07-26-2013 12:02:30 PM Steven Cohen's hedge fund, SAC Capital Advisors, pleaded not guilty to insider trading charges in federal court on Friday. The firm's general counsel, Peter Nussbaum, flanked by five high-powered defense lawyers, entered the plea before U.S. District Judge Laura Taylor (...)Read the rest of this entry »...» Jobs of the Day  Sponsored by:  Compliance Jobs   Click here to find out more information on how to post your position on www.ComplianceJobs.com   Executive Director, Head of Anti-Money Laundering    Surveillance Compliance Officer    Advertising, Marketing Material Review Compliance, AVP    VP, Product Compliance Officer, High-Net Worth Client    BSA/Anti-Money Laundering Compliance Officer    Litigation Paralegal Analyst- Investment Bank    Senior Compliance Analyst, Policies and Procedures  Senior Compliance Training Analyst   Senior Compliance Officer - Investment Advisory  Head of Training, Policies and Procedures   Anti-Money Laundering , Financial Crimes    Compliance Control Room AVP    Hedge Fund Compliance Associate  Hedge Fund Compliance Officer    Senior Compliance Manager - Asset Management    Investment Guidelines - Compliance Analyst  Bank - Monitoring and Testing   Associate Director of Bank Regulatory Affairs    Deputy Chief Compliance Officer  Chief Compliance Officer - Hedge Fund   Investment Advisor Compliance Officer    Compliance Director - Trust    Experienced Executive Recruiters & Recruiter Trainees    Compliance: Branch Office Inspections & Internal Controls Testing    Director, Monitoring and Testing Compliance Officer  Logistics Compliance Financial Crime Compliance Change Management - Senior Project Manager/Team Leader - Vice President Anti Money Laundering Compliance Officer Compliance Manager - Wrap Accounts   Vice President Compliance - Merchant Banking & Real Estate Division    Global Transaction Banking Compliance Officer  Legal Analyst - Paralegal - Asset Management   Control Room - Compliance Officer    Vice President, Compliance Policy    Business Unit Compliance Officer - Prime Services    VP - Market Risk Management - International Bank    Business Unit Compliance Officer - Prime Services  Equities Trading Floor Compliance - VP    Anti Money Laundering Cross Border Services  Legal/Compliance Officer - Commodities   Compliance Officer - Asset Management    Futures Trade Surveillance Compliance - VP  Compliance Officer Advisory - Registered Investment Advisor Compliance Officer - Anti-Bribery and Corruption Compliance Officer - Anti-Money Laundering   Securities Compliance Officer - VP  Bank Compliance Testing & Monitoring VP Senior Compliance Officer - Fair Lending Equities Sales + Trading Floor Compliance Advisory - AVP   Designated Market Maker Surveillance Analyst    Privacy and Information Risk Governance - VP    Records Management Compliance Head - VP    Fixed Income / Credit Compliance, Director Level    VP Fixed Income Surveillance Consumer Banking Compliance Officer Compliance Officer - Employee Trading and Private Investments/Outside Affiliations - VP Senior Compliance Officer in Missouri with NISA Investment Advisors, L.L.C. Compliance Officer -Change Management Bank Regulatory Compliance - VP/Director Bank Regulatory Compliance - AVP/VP Compliance Management Consultant - Hedge Funds VP - Compliance Training Vice President Equities Advisory Compliance Banking Compliance Officer - Division of Investment Bank   Now Trending at the Executive Gateway Who loses out under Obamacare 07-26-2013 14:55:30 PM Who loses out under Obamacare When the state-based insurance exchanges open next year under Obamacare, many Americans should finally have access to affordable insurance. But millions of others will most likely be left out in the cold and remain uninsured....» From Billionaire to Millionaire in One 07-26-2013 14:38:29 PM From Billionaire to Millionaire in One Day Brazil businessman Eike Batista has seen better days. Last March the Brazilian commodities tycoon ranked as the world's eighth richest person with a net worth of $34.5 billion. His net worth today: $200 million, according to Bloomberg Billionaires....»   Your work wardrobe dilemmas solved!  07-26-2013 13:32:07 PM Your work wardrobe dilemmas solved! Starting a new job and fretting over your wardrobe woes more than the workload? Or maybe you're in need of a little fash-spiration when it comes to getting ready for the office every day? Whatever your work wardrobe dilemma, we're here to help you kick it stylishly. From office-appropriate footwear to cleaver day-to-night staples, check out the stylish solutions to the most common workwear dilemmas below, and prepare to become the envy of your colleagues on Monday....»   Is this the end for Dolce and Gabbana? 07-26-2013 13:30:21 PM Is this the end for Dolce and Gabbana? Is this the end of Dolce and Gabbana as we know it? If we are to believe reports that have been doing the rounds over the past 24 hours, the answer just might be a very regrettable "yes"....» Hamptons beach home sales hit new record 07-26-2013 13:28:25 PM Hamptons beach home sales hit new record The wealthy are flocking to the beach this summer-and so is their money. Real estate sales in the Hamptons hit a record in the second quarter, according to a new report from brokerage firm Douglas Elliman and Miller Samuel, the appraisal and research firm. ...» Sometimes, the boss really is a psycho 07-26-2013 13:25:28 PM Sometimes, the boss really is a psycho The bully, the narcissist, the know-it-all, even the psychopath. We may not like them, or want our children to be like them. But chances are, almost everyone who has worked long enough has a horror story about a superior who generally behaved like Homer Simpson's boss, Mr. Charles Montgomery "Monty" Burns. A growing number of researchers are looking into what makes a real-life Mr. Burns, and what they are finding isn't always pretty....» George H.W. Bush: Shaving head was 'right thing to... 07-26-2013 10:33:17 AM George H.W. Bush: Shaving head was 'right thing to do' (Photo: TODAY) Barbara Bush tells TODAY she was initially "shocked, surprised and thrilled" when she saw the former president's bald head. He shaved it in support of a little boy battling leukemia.  "It was the right thing to do," President Bush said. ...» Eight Reasons why the Compliance Job Market May Get even Hotter 07-26-2013 09:46:00 AM The job market for Compliance professionals, compared to other areas, is lively, dynamic, hiring,......» Revenge of the Nerds: Being Popular in High School... 07-25-2013 21:05:16 PM Revenge of the Nerds: Being Popular in High School Doesn't Make You Rich, After All Last year, a study found that extra friends in high school translated into extra pay in middle age. But new research says otherwise. Read more. ...»   What Can You Buy With 4 Years Tuition? 07-25-2013 20:55:29 PM What Can You Buy With 4 Years Tuition?...»   Inside Forbes: Top Colleges Issue 07-25-2013 20:54:11 PM Inside Forbes: Top Colleges Issue...»

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