Well, at least she can’t claim it was a liberal news bias this time: Fox News contributor Sarah Palin took to Facebook today to kvetch about being bumped from the interviews (plural?) she was slated to give tonight about her BFF, John McCain. Whose birthday it is, apparently.
Nasdaq may be planning to sweeten its compensation offer to entities that suffered losses due to technical problems at the exchange on the day of Facebook’s initial public offering, The New York Post reports, which would fit the pattern: Nasdaq makes an offer, the market makers—Citigroup, UBS, Citadel and Knight—talk tough, Nasdaq ups Read More
Libor-ated: U.S. prosecutors are preparing to file criminal charges this fall in the Libor-rigging scandal, and employees at more than one bank are said to be implicated, Bloomberg reports. (Earlier in the week, John Carney looked at what types of criminal charges might be filed, and writes that decades-long sentences could Read More
Libor arrests: U.S. and European regulators are on the verge of arresting traders believed to have manipulated Libor and other interbank lending rates, Reuters reports. The arrests, and criminal prosecutions or plea agreements to follow, are largely separate from enforcement actions regulators are pursuing against individual banks.
Soft tactics: The Federal Reserve Bank Read More
Lindsay Lohan needs to update that Facebook status to “In a Relationship”: at least work-wise. Apparently not outraged enough by the “full nudity” required of her in Bret Easton Ellis and Paul Schrader’s Kickstarter-funded film The Canyons, the star was revealed yesterday in a Facebook photo to be shooting a scene with porn star James Deen…in bed.
Whither Europe: Greece’s center-right New Democracy party won 29.7 of the vote in parliamentary elections yesterday, claiming the 50-seat bonus for winning the most votes and positioning the party to form a coalition that would keep the country in the bailout-for-austerity agreement signed with European rescuers. Alex Tsipras’ Syriza party, which had promised Read More
Whither Europe: The U.K. will inject $155 billion into the nation’s banking system in a move to head off ill effects of Greek elections on Sunday. That news comes after an unnamed G-20 official told Reuters yesterday that the world’s central bankers are ready to provide liquidity if the elections upset markets.
Niall Read More
CNBC has flushed out its story on the losses it says UBS suffered when Nasdaq systems froze up on the day that Facebook started trading, and it will likely sound familiar to anyone who’s every used a credit card to buy something online. UBS wanted to buy 1 million shares in Facebook, according Read More
The lawsuit, we suppose is not so surprising, but the $350 million number is new. Knight Capital has said it lost $35 million to the delays in trading on Facebook’s IPO day, and we’ve been reading that the stock’s four biggest market makers—Knight, Citadel, Citigroup and UBS—suffered losses in the neighborhood Read More
“Sorry” doesn’t help: Is anybody happy with Nasdaq’s plan to dole out $40 million in cash payments and future discounts to compensate market participants for losses suffered during the technical glitches that delayed trading in Facebook stock on May 18? The New York Stock Exchange cried foul, arguing that Nasdaq’s plan “is tantamount to Read More