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| Tuesday, October 20, 2009 |
| Morning Coffee: Bernanke Wants U.S. to Lead Against Global Inequality |
| By Julie Steinberg | |
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| This Week's Sponsor |
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| Featured Jobs |
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Sr. Audit Accountant
The position is responsible for the coordination and completion of technical work on client engagements involving accounting, auditing and consulting matters while maintaining positive client relationships. Will provide creative and objective guidance for proactive planning that will minimize client liabilities.
Milwaukee, WI
10/19/2009
Senior Financial Consultant
This position is a member of the Strategic Investment Initiatives Unit which is responsible for implementation of special initiatives supporting Investment Financial Management. Typical initiatives include investment acquisition integrations, new investment accounting system implementations, investment accounting process improvements and budget/management reporting.
Tampa, FL
10/19/2009
Pre-MBA Associate
Responsibilities of Associates include evaluating new investment opportunities, conducting strategic and financial due diligence, developing models to analyze company performance and investor returns, and working with portfolio companies to manage strategic and operational issues and pursue follow-on acquisitions.
New York, NY
10/19/2009
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Mission accomplished? Far from it.
Borrowing rhetoric from the War on Terror, Ben Bernanke outlined the need to craft a "fiscal exit strategy" when he spoke in Santa Barbara yesterday. The Fed chair had somber words for the U.S. and happier ones for Asia, which he credits with heralding the global economic recovery.
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Bernanke said the U.S. should increase its national savings rate in an attempt to rectify the global economic imbalance.
For the full text of his remarks, click here . ( WSJ )
Article 10 (WaPo)
In a blow to large banks, the House Financial Services Committee is expected to approve a proposal that would let state governments impose restrictions that go beyond federal regulations. The move would effectively end "preemption," which, in this case, is not a Bush-era diplomacy tactic.
Investment Emissions (CNBC)
Carbon trading is all the rage -- a recent survey counts 89 carbon-related investment vehicles with assets under management of $16 billion. You can expect this bubble to keep on growing. FINS : The industry waits with bated breath while a carbon cap-and-trade bill struggles through congress. If passed, it would create the largest commodities market in the world overnight.
Most Wonderful Time (FINS)
Dear Would-be Hedgies: firms are hiring, but do try not to trade inside tips. Also try to avoid terrorism (or, you could end up like Raj Rajaratnam).
Speaking of Hedgies (Bloomberg)
Hedge funds are attracting an awful lot of capital these days -- $1.1 billion in the third quarter, to be exact. See the advice above to avoid messing it all up.
Bright Assets (FINS)
See the hottest job titles in the asset management job market.
Global Assets (Wealth-Bulletin)
Most staffing increases in global wealth management over the next year will occur in emerging markets, so now's the time to learn Arabic and Portuguese.
Pimp our Equities (Pensions & Investments)
PIMCO is planning a foray into active equity management and may poach a team from a rival firm to help get it off the ground.
It's Always Something (FT)
Fresh off the sale of Phibro, Citigroup may be forced to sell Banamex because Mexican law prohibits any foreign government from having a stake in its banks.
Who Can Save CIT? I Cahn (The Deal)
Carl Icahn is so distressed by the plan to restructure CIT that he's stepped in with a $6 billion loan and some choice words for CIT's board.
For more news you need to know throughout the day, follow FINSider on Twitter !
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