Hints and tips:
...Karoline Leavitt, a New Hampshire native and spokesperson for MAGA Inc, an outside spending group backing Trump, derided his closest rivals including DeSantis and Chris Christie, the former New Jersey governor...
...He Kengeter has passed on the baton as head of the bank’s non-core and legacy portfolio to Sam Molinaro, who spearheaded the push to sell Bear Stearns in one of the financial crisis’s opening acts....
...Sam Molinaro, former chief financial officer of Bear, was hired by UBS in February....
...Sam Molinaro, the former chief financial officer of Bear Stearns, has joined UBS as a top executive in its global investment bank as the Swiss group continues to overhaul its senior ranks....
...and other UK media:* From The FT, - Hammerson’s £500m office portfolio up for sale - Ed Miliband and Ed Balls are at odds over the party’s attack on excessive bonuses - UBS enlists Sam Molinaro...
...“Manufacturers are having enough trouble in this country competing with foreign companies,” Mr Molinaro said. “We’d be adding administrative and cost burden where we shouldn’t.”...
...But few were prepared for the candour of Sam Molinaro, its chief financial officer....
...Sam Molinaro, chief financial officer, said the company’s gross writedown in the quarter was about $3.2bn before hedges....
...The blueprint – which was revealed to employees Friday – does not mention the future of Alan Schwartz, Bear’s chief executive, and Sam Molinaro, chief financial officer....
...Bear shares are down nearly 40 per cent this year and nearly 70 per cent since hitting $171.51 last January Alan Schwartz, chief executive, and Sam Molinaro, chief financial officer, have both made public...
...Sam Molinaro, chief financial officer, has said Bear is now net short the subprime mortgage market. Bear recorded $700m in writedowns in the third quarter on mortgages and leveraged buyout loans....
...Mr Schwartz and Sam Molinaro, chief financial officer, made reassuring public comments but no one believed them....
...Mr Molinaro said the book was now down to $45bn. Its return on equity fell to 5.3 per cent in the third quarter and there was a slight decrease in book value to $91.82 per share....
...The shares surged after Sam Molinaro, chief financial officer and chief operating officer, said the latest writedowns should “suffice” in accurately valuing its credit portfolio....
...“Jimmy stepped out of the room,” said Mr Molinaro. Who knows what Mr Cayne was doing at that moment?...
...On Friday, Mr Molinaro’s comments on a conference call caused a sharp sell-off in US stocks, setting the stage for a nervous start to the week for world markets on Monday....
...On Friday, Bear held a conference call designed to calm concerns but comments by Sam Molinaro, chief financial officer, had the opposite effect....
...Sam Molinaro, Bear’s chief financial officer, said it had been profitable in June and July and that it had a strong and highly liquid balance sheet....
...Sam Molinaro, Bear Stearns chief financial officer, told analysts last month that specialist revenues had “essentially evaporated” following the roll-out of the NYSE’s “hybrid” market model....
...Bear’s shares fell more than 6 per cent on Friday after Sam Molinaro, its chief financial officer, said in a conference call that credit markets were as difficult as he had seen in 22 years....
...Comments by Sam Molinaro, chief financial officer, led to a further slide in the bank’s share price after he said credit market conditions were as bad as he had seen in 22 years, adding that Bear would not...
...Sam Molinaro, Bear Stearns chief financial officer, said the bank was comfortable that the $3.2bn loan was over-collateralised by assets held by the fund....
...Sam Molinaro, chief financial officer of Bear Stearns, said new subprime mortgage loans were down about 35 per cent in the period....
...Sam Molinaro, chief financial officer, said revenue for specialists, which match buyers and sellers on the floor of the NYSE, had “essentially evaporated” following the NYSE’s recent introduction of its...
...Sam Molinaro, chief financial officer, said subprime loans made up 3 per cent of the bank’s mortgage business....
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