Frank Partnoy

Frank Partnoy News

  • Hiring McKinsey; Insider Trading: Top Business Books

    In “Circle of Friends,” Charles Gasparino gives us all the elements of the insider-trading genre: bundles of cash, informants wired by the FBI, bickering regulators.

  • Flash Crash Alert -- Traders Thrive on Procrastination: Books

    Procrastinators, rejoice: Frank Partnoy has written a book just for you.

  • Deutsche Bank Derivative Helped Monte Paschi Mask Losses

    Deutsche Bank AG designed a derivative for Banca Monte dei Paschi di Siena SpA at the height of the financial crisis that obscured losses at the world’s oldest lender before it sought a taxpayer bailout.

  • Failed AAA Rated Rembrandt on Wall Street Spurs Opacity Outcry

    Corowa Shire , home to Australia’s biggest hog farm and a three-hour drive from Melbourne, couldn’t be farther from Wall Street.

  • Federal Reserve Stress Tests Make Us All Muppets

    There was disheartening news last week regarding the way the U.S. financial system operates. I’m not referring to the opinion piece by a departing Goldman Sachs Group Inc. employee, which suggested that the company has little respect for its customers.

  • SEC Seeking Fair Value Disclosure From Banks on Structured Notes

    The U.S. Securities and Exchange Commission is asking banks that issue structured notes to boost disclosures to investors, including the banks’ own estimates for the securities’ market value at the time of sale.

  • Rich Get Richer at Poverty Inc., Reich Predicts Revolt: Top Business Books

    With so many business books spilling from the shelves, we’re often asked for a comprehensive list of recommendations. Here’s an updated list of 50 top titles published since Jan. 1, 2009.

  • July 2010 Mailbox

    RE: “Buffett and the Prince” June 2010 I’ve read many articles on Warren Buffett. It was fascinating to see how yours interwove the personalities. It makes me want to read more about both men. Dick Wendelburg, Big Canoe, Georgia RE: “Rebuilding the House of Cards” June 2010 Your article explained a lot about the credit industry. I’ll hang on to my American Express and be aware of the tricks and traps. If consumers are abused by banks, banks will lose the consumers. Charles Westfall, Chula Vista, California RE: “Estate-Tax Trap” June 2010 Under the federal estate-tax law that expired on Dec. 31, when a family business owner or farmer passed away, heirs paid the Internal Rev­enue Service 45 percent or more of the value of all assets above $3.5 million. In 2001, the rate was 55 percent on assets above $675,000. If Congress fails to act this year, the rate returns to 55 percent on Jan. 1, 2011, on assets above $1

  • JPMorgan Loses $2 Billion on Unit’s ‘Egregious Mistakes’

    JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the firm suffered a $2 billion trading loss after an “egregious” failure in a unit managing risks, jeopardizing Wall Street banks’ efforts to loosen a federal ban on bets with their own money.

  • JPMorgan Shares Tumble After $2B London Trading Loss

    JPMorgan Chase & Co. fell the most in nine months after Chief Executive Officer Jamie Dimon said the firm suffered a $2 billion trading loss he attributed to “egregious” failures in a unit managing risks.

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