I write about banks for a living. Write about lots of stuff here. lacapra@gmail.com

Fund manager sees risk in exploration stocks

reuters.com — Credit: Reuters/Mike Segar 1 of 3. Michael Corcelli, Co-Founder of Alexander Alternative Capital, a global macro hedge fund, speaks at the Reuters Global Investment Outlook Summit in New York, November 17, 2014.

Chris Johnson Is Merrill's Wellness Guru

businessinsider.com — By Peter Rudegeair and Lauren Tara LaCapra NEW YORK (Reuters) - At a retreat for Merrill Lynch financial advisers in a luxury Orlando hotel last month, a group of several dozen men and women in business attire swung their arms back and forth over their heads to Kid Rock's "All Summer Long" to get their circulation going.

The master who teaches the Merrill herd to graze on wheatgrass and chia

mobile.reuters.com — The master who teaches the Merrill herd to graze on wheatgrass and chia By Peter Rudegeair and Lauren Tara LaCapra NEW YORK (Reuters) - At a retreat for Merrill Lynch financial advisers in a luxury Orlando hotel last month, a group of several dozen men and women in business attire swung their arms back and forth over their heads to Kid Rock's "All Summer Long" to get their circulation going.

The master who teaches the Merrill herd to graze on wheatgrass and chia

reuters.com — Credit: Reuters/Mike Blake A Merrill Lynch building is shown in downtown San Diego, California March 18, 2014. The mild aerobics were part of a three-day event orchestrated by Chris Johnson, a wellness guru who has gained influence under John Thiel's leadership of Bank of America's Merrill Lynch wealth management business.

The master who teaches the Merrill herd to graze on wheatgrass and chia

dailymail.co.uk — NEW YORK, Nov 9 (Reuters) - At a retreat for Merrill Lynch financial advisers in a luxury Orlando hotel last month, a group of several dozen men and women in business attire swung their arms back and forth over their heads to Kid Rock's "All Summer Long" to get their circulation going.

Exclusive: Morgan Stanley commodities staff spooked by CEO comment

reuters.com — Credit: Reuters/Joshua Roberts Morgan Stanley Chairman and Chief Executive James Gorman speaks during the Institute of International Finance Annual Meeting in Washington October 10, 2014. So this past Monday, when co-head of the commodities business Simon Greenshields held a meeting for senior staff, he was met with a barrage of questions from colleagues who hadn't been told about the plans either before or after the call, people familiar with the situation said.

Morgan Stanley commodities staff spooked by CEO comment

mobile.reuters.com — Exclusive: Morgan Stanley commodities staff spooked by CEO comment By Lauren Tara LaCapra NEW YORK (Reuters) - During Morgan Stanley's ( MS.N) public earnings call earlier this month, Chief Executive James Gorman made a remark that hit his commodities staff like a bombshell: the bank plans to further "optimize" its business of owning and trading stuff like oil, natural gas, electricity and metals.

Morgan Stanley shares surge as profit jumps 87 per cent

theglobeandmail.com — Morgan Stanley reported an 87 per cent rise in third-quarter earnings as the Wall Street bank's trading and wealth management businesses benefited from increased client activity. Net income attributable to common shareholders rose to $1.65-billion, or 84 cents per share, in the three months ended Sept.30 from $880-million, or 45 cents per share, a year earlier.

Goldman curbs bankers' compensation even as revenue surges

reuters.com — On Thursday, Goldman reported a 25 percent increase in quarterly revenue, but the money it set aside for compensation and benefits rose only 18 percent from the same period a year earlier. The amount of money it has set aside for compensation is more or less unchanged, as is the average compensation per employee, at around $320,000 for the first nine months of the year.

Morgan Stanley, armed with cash from fixed income dump, goes shopping

reuters.com — Credit: Reuters/Mike Blake/Files The corporate logo for financial firm Morgan Stanley is pictured on a building in San Diego, California September 24, 2013. It is reinvesting capital previously held against unprofitable trades into areas like municipal bonds, credit and securitization, where it sees opportunities for boosting profit, senior executives at the bank said on Friday.
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Nov 23, 2014

RT @AP: MORE: "Mayor For Life": Barry maintained a solid following, particularly in lower-income, black sections of DC: apne.ws/11oswQJ

Nov 23, 2014

RT @AP: MORE: Barry's 4 terms were overshadowed by 1990 arrest after being caught on video smoking crack; he was 78: apne.ws/1FfpdKt

Nov 23, 2014

RT @AP: BREAKING: Former Washington, D.C., mayor Marion Barry, who staged comeback after 1990 crack cocaine arrest, has died

Nov 23, 2014

@WallStreet_Rant agreed. I don't like snotty people calling my city dirty though!

Nov 23, 2014

@WallStreet_Rant grow up. If I called your city a negative word you'd be pissed too, Mr Clean @patkiernan

Nov 22, 2014

New Michael Kors scarf & glove set from my stepmom, who clearly knows my taste!

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