TheBadBanker » News

Ex-Goldman director Rajat Gupta set for insider trading trial

The Bad Banker — Sun, 20 May 2012 12:15:14 +0000

Rajat Gupta was once a board member at Goldman Sachs and managing director of consulting giant McKinsey & Co. Now, he's the biggest target yet in the government's sprawling insider trading crackdown.

Facebook’s IPO Sputters

The Bad Banker — Sun, 20 May 2012 04:26:23 +0000

Facebook shares struggled to stay above their $38 IPO price, as Wall Street bankers stepped in to prevent the newly minted stock from ending its first day with an embarrassing loss.

Chesapeake Cuts Pay, Travel for Board

The Bad Banker — Sun, 20 May 2012 02:17:37 +0000

Chesapeake Energy said board members will take a 20% pay cut and no longer have personal use of company aircraft, the latest move by the embattled natural-gas company to placate critics.