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This Week's Madoff News: Ruth Gets Sued, Bernie Gets Buff, Brokers Get Bitchy

This Week’s Madoff News: Ruth Gets Sued, Bernie Gets Buff, Brokers Get Bitchy

After the powers that be decided there was no evidence linking her to her husband’s crimes, Ruth Madoff is off the criminal proceedings…

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Posted by Ben Beaumont-Thomas in Hot Money | July 30, 2009 12:00PM | 3 Comments »


John Kingman Has Finally Had Enough Of The Public Sector, Is Off To Make His Fortune

Citigroup Gets Fresh Boost, Pestered By Andrew Hall For Mega Bonus

Citigroup Gets Fresh Boost, Pestered By Andrew Hall For Mega Bonus

While little banks in one horse towns keep going to the wall, and others enjoy profits large enough for your brain to not really comprehend…

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Posted by Ben Beaumont-Thomas in Hot Money | July 27, 2009 11:35AM | 3 Comments »


Goldman Sachs Still Generating Huge Profits, Still Paying Out Old-School Bonuses

It seems like only yesterday that Goldman Sachs was announcing its first quarter profits to an aghast world, and since then they’ve been…

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Posted by Ben Beaumont-Thomas in Hot Money | July 15, 2009 12:08PM | 1 Comment »


UKFI Annual Report Shows That They're In This For The Long Haul

UKFI Annual Report Shows That They’re In This For The Long Haul

UKFI stands for UK Financial Investments, and it’s effectively a 9-person fund management company shacked up in the Treasury. After the government took out stakes…

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Posted by Ben Beaumont-Thomas in Hot Money | July 14, 2009 11:44AM | No Comments »


US Still Really Wants Those UBS Tax Evader Names

With its inept former board, massive losses, and harbouring of tax evaders, UBS is the uncoolest thing about Switzerland after Nazi gold and Lewis Hamilton.…

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Posted by Ben Beaumont-Thomas in Hot Money | July 13, 2009 11:09AM | 2 Comments »


Alistair Darling's White Paper - The Hits And Misses

Alistair Darling’s White Paper – The Hits And Misses

There’s been bickering between grown men, there’s been political point-scoring, there’s been glimpses into a world so bureaucratically labyrinthine that it’s no wonder the world’s…

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Posted by Ben Beaumont-Thomas in Hot Money | July 9, 2009 11:42AM | 1 Comment »


Allen Stanford Case Gets Weirder With Libya Link

Allen Stanford Case Gets Weirder With Libya Link

The Allen Stanford saga just gets better and better. The orange cricket fan was good comedy value before the scandal hit, with his…

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Posted by Ben Beaumont-Thomas in Hot Money | July 8, 2009 10:59AM | No Comments »


BarCap, Goldman Up To Their Old Securities Tricks

BarCap, Goldman Up To Their Old Securities Tricks

It looked for a while there like the banking world might be forced into the totally boring world of responsibility and safety, thanks to…

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Posted by Ben Beaumont-Thomas in Hot Money | July 6, 2009 12:33PM | 1 Comment »


Ruth Madoff Off The Hook, Angry Investors Momentarily Distracted By Payouts

Ruth Madoff Off The Hook, Angry Investors Momentarily Distracted By Payouts

Since the Madoff story broke, his wife Ruth presumably hasn’t been able to go anywhere without groups of her friends quickly winding up hushed conversations…

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Posted by Ben Beaumont-Thomas in Hot Money | July 2, 2009 11:02AM | No Comments »


Win Bischoff To Chair Lloyds, Because Apparently There's No-One Else Available

Win Bischoff To Chair Lloyds, Because Apparently There’s No-One Else Available

Lloyds are lining up Win Bischoff, still pretty fresh from being dropped by Citigroup, to be the new Lloyds chairman. As we

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Posted by Ben Beaumont-Thomas in Hot Money | July 1, 2009 11:35AM | No Comments »


The Bernard Madoff Sentencing Circus, Starring A Caged Bear, Satan, And Michael Imperioli

The Bernard Madoff Sentencing Circus, Starring A Caged Bear, Satan, And Michael Imperioli

Yesterday, Bernard Madoff – Diet Coke drinker, Neil Diamond fan and $65bn fraudster – was given a life sentence for orchestrating the giant Ponzi scheme…

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Posted by Ben Beaumont-Thomas in Hot Money | June 30, 2009 11:10AM | 1 Comment »