Merrill

Merrill
Tyler Durden's picture

How The World's Most Leveraged Hedge Fund Got Away With Insider Trading





"... Shortly after returning from a trip in late 2009, Farmer erased electronic notes, in Microsoft Word format, that were stored on thumb drives, Zip drives and a shared drive at Citadel, agents wrote in a summary of one of the interviews with him. Farmer also threw away his handwritten notes because that was his normal practice and because they were incriminating, agents wrote. Farmer got rid of e-mails as well, according to their summary. “This,” they wrote, “wiped the slate clean."

 
Tyler Durden's picture

Frontrunning: November 24





  • Grand jury expected to resume Ferguson police shooting deliberations (Reuters)
  • PBOC Bounce Seen Short Lived as History Defies Bulls (BBG)
  • Home prices dropped in September for the first time since January (HousingWire)
  • UPS Teaches Holiday Recruits to Fend Off Dogs, Dodge NYC Taxis (BBG)
  • US oil imports from Opec at 30-year low (FT)
  • Hedge Funds Bet on Coal-Mining Failures (WSJ)
  • Putin Woos Pakistan as Cold War Friend India Buys U.S. Arms (BBG)
  • How the EU Plans to Turn $26 Billion Into $390 Billion (BBG)
  • The $31 Billion Bet Against Brazil’s New Finance Minister (BBG)
 
Tyler Durden's picture

Frontrunning: November 21





  • They go all in: China’s PBOC Cuts Interest Rates for First Time Since 2012 (BBG)
  • And all in-er: ECB's Draghi throws door to quantitative easing wide open as recovery wanes (Reuters)
  • Global Markets Rally: ECB Head Says Central Bank Is Ready to Expand Stimulus Program After China Cuts Rates (WSJ)
  • Obama unveils U.S. immigration reform, setting up fight with Republicans (Reuters)
  • U.S. increasing non-lethal military aid to Ukraine (Reuters)
  • Russia warns U.S. against arms to Ukraine as Biden due in Kiev (Reuters)
  • Ukraine slashed gold holdings in October, Russia added more - IMF (Reuters)
  • Abe Dissolves Japan’s Lower House of Parliament (WSJ)
 
Tyler Durden's picture

Frontrunning: November 18





  • Japan Prime Minister Shinzo Abe Calls Snap Election (WSJ) - as repeatedly priced in...
  • Flash Boys Raising Volatility in Wild New Treasury Market (BBG)
  • Not Greece again: Greek Bailout Review Stalls as Troika Demands Final Steps (BBG)
  • Iran uses China bank to transfer funds to Quds-linked companies (Reuters)
  • Porn Mags With Free Madrid Theater Tickets in Tax Protest (BBG)
  • Hong Kong, China stocks ease on profit-taking after stock connect launch (Reuters) - Hang Seng down 500 points in past 2 days
  • Halliburton Mega-Deal Sealed by CEOs Over Coke and Coffee (BBG)
  • Wall Street to Reap $316 Million From Day of Mega Deals (BBG)
  • Mass murderer Charles Manson gets marriage license, state says (Reuters)
 
Tyler Durden's picture

Actavis Purchase Of Allergan Makes It A "$100 Billion Merger Monday"





This may not quite be the blow-off top in the merger bubble as companies rush to frontrun the ECB and buy whatever still isn't nailed, but it is getting close. Because while earlier today Baker Hughes announced it would accept the Halliburton offer to buy it unchallenged in a $35 billion transaction leading many to wonder just how much lower the price of oil is still set to drop, moments ago the Allergan "White Knight" swooped from up on high, and as had also been leaked in recent weeks, Actavis agreed to buy the botox- maker which Ackman and Valeant had been so eagerly chasing for months in order to let the roll-up pharma pad its non-GAAP books with another 2-3 years of pro forma "synergies" add backs.  This means that between Halliburton and Actavis, today we have had the first $100 billion "Merger Monday" in over a decade.

 
Tyler Durden's picture

Frontrunning: November 14





  • "The hate us for our..." Americans’ Cellphones Targeted in Secret U.S. Spy Program (WSJ)
  • Ukraine and Russia take center stage as leaders gather for G20 (Reuters)
  • Moscow and Kiev trade accusations; U.S. warns Russia against escalation (Reuters)
  • Heartland Central Banker Calls Asset Bubbles Top Concern (BBG)
  • U.S. Said to Give Banks December Deadline in FX Probe (BBG)
  • Series of Failures Enabled White House Breach, Report Finds (WSJ)
  • Yen plumbs seven-year trough on likely Japan sales tax delay (Reuters)
  • JPMorgan Chase Bankers Said to Lead Moscow Departure (BBG)
 
Tyler Durden's picture

Frontrunning: November 12





  • Banks to Pay $3.3 Billion in FX-Manipulation Probe (BBG)
  • Symbolic being the key word: U.S., China sign symbolic emissions plan, play down rivalry (Reuters)
  • Europe (so really Russian sanctions) is the new "snow in the winter" - Carney Sees Europe Stagnation Impact as Growth Outlook Cut (BBG)
  • Eurozone Industrial Output Points to Weak Third Quarter Growth (WSJ)
  • Not everyone around Abe is insane: Kuroda Ally Flags Warning on Delaying Sales-Tax Increase (BBG)
  • Hong Kong to scrap daily yuan conversion limit to boost stock investment (Reuters)
  • Barclays Falls After FX Settlement Delay Reduces Discount (BBG)
  • Some unhappy Yahoo investors asking AOL for rescue (Reuters)
 
Tyler Durden's picture

Frontrunning: November 11





  • No Sign of Thaw in Obama’s Brief Encounters With Putin (BBG)
  • Japan Lawmakers Prepare for Snap Elections as Abe Mulls Tax (BBG)
  • Global stocks rise, Brent crude hits four-year low (Reuters)
  • U.S., China to Drop Tariffs on Range of Tech Products (WSJ)
  • ‘Too-Big-to-Fail’ Rule Would Raise Bar for Bank Capital (WSJ) ... and mean even bigger taxpayer bailouts
  • Pot in New York: $100 Ticket. No Charges. No Record. No Nothing (BBG)
  • Microsoft unveils first Lumia smartphone without Nokia name (Reuters)
  • Davos-Man Ackermann Lured to Cyprus Bank by Billionaires (BBG)
  • Alibaba, Apple Talks on Payments Tie-Up Focused on China (WSJ)
 
Tyler Durden's picture

Frontrunning: November 10





  • Obama urges China to be partner in ensuring world order (Reuters)
  • China Sees Itself at Center of New Asian Order (WSJ)
  • Xi Dangles $1.25 Trillion as China Counters U.S. Refocus (BBG)
  • China's Xi, Japan's Abe hold landmark meeting after awkward handshake (Reuters)
  • Revenue Softness Worries Stock Investors (WSJ)
  • How BOJ’s Kuroda Won the Vote for Stimulus Expansion (WSJ)
  • Bonus Season Brings More Pain for Traders (WSJ)
  • Russia’s Military Encounters Risk Clash in Europe (BBG)
 
Tyler Durden's picture

Frontrunning: November 7





  • The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare (Matt Taibbi)
  • Explains the midterm results: Optimism precedes job data (Reuters)
  • EU Dream Ebbs Amid Weak Growth, Putin's Jets, 25 Years After Wall Came Down (BBG)
  • SEC Probing Trading Activity at Apple Supplier GT Advanced (WSJ)
  • Boehner touts bills to repeal Obamacare, build Keystone (Reuters)
  • China Gold Buying Means Price Floor to Standard Chartered (BBG)
  • High-Speed Ad Traders Profit by Arbitraging Your Eyeballs (BBG)
  • Central Banks Can’t Be ‘Only Game in Town’ Boosting Economies (BBG) - less talking, more getting to work
 
Tyler Durden's picture

Frontrunning: November 5





  • From Yes We Can to Probably Not (BBG)
  • How Mitch McConnell did it (Politico)
  • Tough road ahead for Obama after Republicans seize Senate (Reuters)
  • Election 2014: Who were the big winners and losers? (USA Today)
  • GOP Senate Takeover Puts Fed on Hot Seat (WSJ), and other fables
  • GOP Won by Recruiting the Right Candidates (WSJ)
  • McCain could shake up U.S. defense in powerful new Senate role (Reuters)
  • Investors Pulled Record Amount From Pimco’s Flagship Fund in October (WSJ)
  • Taliban group threatens to attack India following border blast (Reuters)
  • Oil Import Decline to U.S. Revealed by Louisiana as Truth (BBG)
 
Tyler Durden's picture

Bank Of America Psycho Killer Was Busy Helping Hedge Funds Avoid Taxes During His Business Hours





The most bizarre story of the weekend was that of Bank of America's 29-year-old banker Rurik Jutting, who shortly after allegedly killing two prostitutes (and stuffing one in a suitcase), and called the cops on himself.  The answer, as the WSJ has revealed, is just as unsavory: "he had been part of a Bank of America team that specialized in tax-minimization trades that are under scrutiny from prosecutors, regulators, tax collectors and the bank’s own compliance department, according to people familiar with the matter and documents reviewed by The Wall Street Journal."

 
Tyler Durden's picture

Frontrunning: November 4





  • Republicans expect gains, but many races close on election day (Reuters)
  • Ahead of tough election, White House blames dismay with Washington (Reuters)
  • On Election Day, a Tale of the Young and the Old (WSJ)
  • Because the recovery: Sprint to Cut 2,000 Jobs as Mobile Customers Keep Leaving (BBG)
  • Ukraine's rebel leader is sworn in, crisis deepens (Reuters)
  • Brilliant: Burkina Faso Army Promises Religious Leaders It Will Step Down (BBG)
  • More Unknowns Leave Central Banks Facing Greater Internal Strife (BBG)
  • Scapegoat found: IBM to Change Leadership at Global Services Unit (WSJ)
  • Explains why Europe just slashed its GDP forecast: Don’t Be Fooled by Warm Spell as Cold Air About to Return (BBG)
 
Tyler Durden's picture

Frontrunning: November 3





  • To salvage his presidency, Obama faces pressure to reboot - but will he? (Reuters)
  • Pro-Russian separatist Zakharchenko wins Ukraine rebel vote (Reuters)
  • Russia's Recognition of Ukrainian Separatist Election Is 'Incomprehensible,' Germany Says (Moscow Times)
  • Man Running World’s Biggest Wealth Fund Tackles China Riddle (BBG)
  • Russian Supply Underpins Global Oil Glut (WSJ)
  • Argentina accuses Procter & Gamble of tax fraud, says suspends operations (Reuters)
  • ECB Skips Fireworks for Day One of New Role as Supervisor (BBG)
  • HSBC Hit by $1.7 Billion of Provisions (WSJ)
 
Tyler Durden's picture

The Zombie System: How Capitalism Has Gone Off The Rails





"Solutions to the world's problems are not produced in a meeting between Bill Gates and George Soros... Renewal has to come from below... Limiting the influence [of the richest] is of the utmost importance... so that today's upper-class, high-finance capitalism can once again revert to being a capitalism of the real economy and the societal center."

 
Syndicate content
Do NOT follow this link or you will be banned from the site!