| Daily newsletter from NYSSA for investment professionals |  |
| Top Story |  |  |
|
| Industry Update | | |
|
- SEC has looked into BofA's mortgage repurchases
According to documents filed in an ongoing lawsuit, the Securities and Exchange Commission has examined Bank of America's Countrywide unit. It is unclear whether the agency, which was looking at the bank's representations and warranties process, is still investigating. Reuters
(12/14)      
- Banks' fixed-income business is difficult to evaluate
Banks have a lot of ways to make money, but the way they account for their activities doesn't give investors much help in figuring out how well they're doing or what consequences might be brought by new regulation. An area particularly lacking in transparency is fixed income, currencies and commodities activities, or FICC. The Wall Street Journal
(12/16)
- How JPMorgan unwound the "London whale" trade
JPMorgan Chase lost a bundle on the trades placed by the "London whale," but few people know how the bank eventually unwound the trade. JPMorgan turned to hedge fund BlueMountain Capital Management, which was co-founded by Andrew Feldstein, a former JPMorgan banker and credit derivatives expert. BlueMountain unwound the trade over several weeks by buying protection on CDX IG 9, the index at the center of the bank's precarious position, thus offsetting JPMorgan's existing bets and then selling them on to the bank. Financial News Online (U.K.) (subscription required)
(12/17)
| New York Focus | | |
|
- Obama should lead fight for gun control, Mayor Bloomberg says
New York Mayor Michael Bloomberg said President Barack Obama should make gun control legislation his top priority in the wake of a mass shooting at a Connecticut school. "It’s time for the president, I think, to stand up and lead and tell this country what we should do — not go to Congress and say, 'What do you guys want to do?'" Bloomberg said on NBC’s "Meet The Press." "This should be his No. 1 agenda." The Washington Post/The Fix blog
(12/16)
| Career Development | | |
|
- 12 steps to help leaders keep stress in check
Too many CEOs are overloaded with stress, writes Carole Spiers, a stress-management consultant. To avoid burning out, it's important to stay focused, to make time for yourself and to learn to switch off whenever you get the chance, she writes. "Remaining disciplined by managing both time and productivity well, is the key to good stress management," Spiers writes. Management-Issues (U.K.)
(12/13)
| People & Personalities | | |
|
- Warren touts transparency for Senate Banking Committee
"Tickled pink" is how Sen.-elect Elizabeth Warren, D-Mass., describes her Senate committee assignments, including one to the banking panel. "No one doubts where I stand. I believe in transparency and accountability and I hope we're going to see more of both," she says. "There are a lot of different tools in the toolbox for the Banking Committee. I want to learn the most effective ways to help use each of them." Portland Press Herald (Maine)/The Associated Press
(12/16)
| On The Economy | | |
|
| SmartQuote | | |
|
 | Action is the antidote to despair."
--Joan Baez,
American singer
|
| |
| Advertise |
| Associate Publisher:
Abiy Bekele (919) 931-5915
|
|
|
| |
|
Read more at SmartBrief.com |
|
A powerful website for SmartBrief readers including:
|
|
|
|
| |
| |
| | Recent NYSSA SmartBrief Issues:
- Friday, December 14, 2012
- Thursday, December 13, 2012
- Wednesday, December 12, 2012
- Tuesday, December 11, 2012
- Monday, December 10, 2012
| | | Lead Editor: Bridget Lux
Sales Account Director: Jasmine Rogers
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004 | |
| |
|
| © 1999-2012 SmartBrief, Inc.® Legal Information |
|
