Word: move
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...move could put Europe at loggerheads with the U.S. Last week, Obama said Wall Street could not go back to the days of "reckless behavior and unchecked excess," but he has repeatedly said he is against creating strict rules on pay. Luxembourg Prime Minister Jean-Claude Juncker said on Sept. 17 that Europe should act on bonuses "whether the Americans are with us or not." (See 25 people to blame for the financial crisis...
...Gorman, a former McKinsey consultant, joined Morgan three years ago from Merrill Lynch, where he had run that firm's brokerage force. At Morgan, he was in charge of revamping the firm's brokerage division, and recently integrating the Smith Barney acquisition. Observers say Gorman's background will likely move Morgan further away from its roots...
Still, it's clear that Morgan has taken a different road out of the financial crisis than its closest rival, Goldman Sachs. In the past year, Goldman has dramatically ramped up its trading desk. That move has led to big profits in the past year but the firm has also opened itself up to bigger losses should its traders get things wrong. Based on its trading activity now, Goldman says it could lose as much as $250 million in a day should its bets go wrong, up 30% from a year ago. What's more, even though Goldman has become...
...Like all the memoirists FM talked to, Summer started the Harvard section of “Learning Joy From Dogs Without Collars” with Freshman Move-In. Summer, whose picture in the Freshman Directory showed her with fluorescent orange hair and a multicolored striped shirt and tie, brought friends from Quincy High School to help her move her things into Weld. She wrote: “‘Where do we park?’ Jeff asked. ‘Pahk the Cahr in the Hahvahd Yahd,’ Mary said, and we all giggled...
...does, however, have a last-ditch move that it can make with France and Britain, or even alone. Legislators on Capitol Hill are preparing a tough bill that would impose sanctions on third-country companies that supply the gasoline imports on which Iran relies for about one-third of its consumption. House Foreign Affairs Committee chairman Howard Berman, a California Democrat, has said he will mark up his bill next month. But the fewer allies that sign on for such tough sanctions, the more those sanctions are likely to hurt the U.S. rather than Iran...