Word: millioned
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...junior in college, said he was trading derivatives for the firm. Surprised, McDonald asked the intern the size of his pad - Wall Street-speak for how much of the firm's money he was able to trade - figuring it couldn't be much. The intern's response: $150 million...
...intern, of course, wasn't the only one who was risking the firm's dollars. McDonald, himself a relatively junior trader, had a Lehman-funded trading account of $450 million. In the years leading up to the financial crisis, Lehman Brothers built up huge positions in real estate, derivatives and bonds. That all came crashing down in the fall of 2008, when the tumbling housing market and rising mortgage defaults caused the credit markets to seize up. In all, Lehman lost more than $32 billion from proprietary trading and principal transactions during the year and a half leading...
...proposed cuts, when combined with a previously announced slowdown in campus construction, will bring the deficit down to $100 million, Levin wrote...
Yale President Richard C. Levin announced Wednesday a new round of sweeping budget cuts as part of the university's ongoing efforts to close a $150 million budget deficit...
...announcement came a day after Faculty of Arts and Sciences Dean Michael D. Smith updated the Faculty with a more positive financial outlook—FAS had exceeded its expectations and cut its own deficit from $110 million in September down to $80 million...