Preliminary Analytics | 08.26.09

dimon_250x375.jpgHow much money did JPMorgan make on Madoff? – According to one brainy prof, probably less than $500 mil. That doesn’t mean they did anything wrong though: ‘Few would say that the vendor who sold Mr. Madoff a hotdog on the street was doing anything wrong.’ Yeah, ’cause it’s the same thing. [FT Alphaville]
Edward Kennedy, Senator and Democratic Icon, Dies [Bloomberg]
Fight Brews as Proxy-Access Nears – “The largest U.S. businesses, law firms and business groups have stepped up their challenge to the ‘proxy access’ rule, which would let certain shareholders use a company’s board-election process to nominate directors opposed to management.” [WSJ]
Colonial BancGroup files Chapter 11 – Shoe. Dropped. [Reuters]
U.S. Postal Service seeks 30,000 job cuts via buyouts – As of now, no reports of gunfire at any post office locations. [Reuters]
Swiss Bank to Leave U.S. Amid Tighter Restrictions – No, not UBS. Wagelin & Co., who’s obviously fed up with the newfound inability to dodge taxes. [DealBook]

dimon_250x375.jpgHow much money did JPMorgan make on Madoff? – According to one brainy prof, probably less than $500 mil. That doesn’t mean they did anything wrong though: ‘Few would say that the vendor who sold Mr. Madoff a hotdog on the street was doing anything wrong.’ Yeah, ’cause it’s the same thing. [FT Alphaville]
Edward Kennedy, Senator and Democratic Icon, Dies [Bloomberg]
Fight Brews as Proxy-Access Nears – “The largest U.S. businesses, law firms and business groups have stepped up their challenge to the ‘proxy access’ rule, which would let certain shareholders use a company’s board-election process to nominate directors opposed to management.” [WSJ]
Colonial BancGroup files Chapter 11 – Shoe. Dropped. [Reuters]
U.S. Postal Service seeks 30,000 job cuts via buyouts – As of now, no reports of gunfire at any post office locations. [Reuters]
Swiss Bank to Leave U.S. Amid Tighter Restrictions – No, not UBS. Wagelin & Co., who’s obviously fed up with the newfound inability to dodge taxes. [DealBook]

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