Posts Tagged ‘cheating’

Interview on BBC Radio: $1.5B UBS LIBOR Manipulation Penaty

Interview on BBC Radio: $1.5B UBS LIBOR Manipulation Penaty

By The Banker | Audio Posts, Wall Street

I’ve linked here to Bankers Anonymous’ Worldwide Radio Debut today with the BBC’s “World Have Your Say,” in the wake of UBS’ reported $1.5Billion penalty for fixing LIBOR rates between 2005 and 2010.     http://www.bbc.co.uk/programmes/p011x4l8 The Bankers Anonymous portion of the show starts at minute 40:20, and goes until the end. I talk about [&hellip

SAC Capital - Too Much Of A Good Thing

SAC Capital – Too Much Of A Good Thing

By The Banker | Blog Posts

I covered the mortgage bond side of SAC Capital in the early 2000s, and I remember half-kidding, half-probing my client about Steven A Cohen’s seeming inability to miss.  Back then Cohen’s SAC had put together a string of annual monster returns like no other hedge fund.[1]  Cohen’s SAC Capital was the Mark McGuire of stock [&hellip