Hints and tips:
...John Mack, another former Credit Suisse chief executive who went on to run Morgan Stanley, has a blunter assessment of the reasons for its fall: “Their performance says it all.”...
...Moelis & Co banker Lawrence Chu has joined Jefferies Financial Group to help expand the bank’s Dallas office, per Bloomberg....
...He was reportedly not as forthcoming as the board would have liked on what he knew about the missold loans to Jefferies....
...Laplanche has been forced out after Lending Club sold loans to Jefferies that it knew didn’t fit the investment bank’s criteria....
...At Lending Club, the incident led the board, which includes John Mack, formerly of Morgan Stanley, and Larry Summers, former Treasury secretary, — to order a review....
...Mack in a fund that bought Lending Club loans....
...Jefferies declined to comment. The loan sale sparked an internal review, which turned up the disclosure issue....
...Mr McFarlane enhanced his “Mack the knife” reputation by firing Antony Jenkins as CEO last year only a few months after arriving....
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