Nov. 24 (Bloomberg) -- The following list comprises the most-read Bloomberg News reports from the past week.
To read any article, click on the story links shown below or go to READ 1W <GO>. See NI READSUMS <GO> for previous lists of the most-read stories. Lists are based on daily statistics through Friday, Nov. 22
1. McKinsey Says Investment Banks Can Merge Stock, Bond Trading
Nov. 20 (Bloomberg) -- The world’s largest investment banks should enact changes including “ruthless prioritization” of clients and combining fixed-income and equity trading to avoid a sharp decline in profitability, according to McKinsey & Co.
2. Currency Dealers Said to Enlist Day Traders for Private Bets
Nov. 20 (Bloomberg) -- Currency dealers in London gave information about client orders to day traders who then made bets on their behalf, sidestepping restrictions on personal trading, three people with knowledge of the practice said.
3. Fed Taper Likely in Coming Months on Data, Minutes Show
Nov. 20 (Bloomberg) -- Federal Reserve officials said they might reduce their $85 billion in monthly bond purchases “in coming months” as the economy improves, minutes of their last meeting show.
4. Paris Gunman Sought as Officials Appeal to Public for Assistance
Nov. 19 (Bloomberg) -- French authorities appealed to the public for help in their manhunt for the suspected perpetrator of three shootings and a carjacking in Paris.
5. Day JFK Died We Traded Through Tears as NYSE Shut After Selloff
Nov. 22 (Bloomberg) -- Fifty years ago today, on the floor of the New York Stock Exchange, Michael Robbins heard a murmur. It started at the booth of a Texas firm, Eppler, Guerin & Turner Inc., and got louder, until the 30-year-old trader realized what it was: the sound of a selloff.
6. Fed Ponders How to Temper Tapering Avoiding Sudden Rate Increase
Nov. 19 (Bloomberg) -- One of Janet Yellen’s first challenges as Federal Reserve chairman will be figuring out how to cushion against a lurch in interest rates when she pares the pace of the central bank’s bond buying.
7. Freshman Force-Fed Cat Food Shows Frats Thwart Hazing Warnings
Nov. 18 (Bloomberg) -- In 2011, a fraternity-sponsored team of experts alerted Arizona State University to “widespread” hazing and “high-risk” drinking at its Greek houses. The warning didn’t save Jack Culolias.
8. Gold Drops With Silver, Oil as Dow Average Fails to Hold 16,000
Nov. 18 (Bloomberg) -- Gold and silver sank with oil, while the dollar weakened against most peers and Treasuries rose as investors dissected speeches from Federal Reserve officials to gauge the outlook for stimulus. Most U.S. stocks fell after the Dow Jones Industrial Average exceeded 16,000 for the first time.
9. ECB Said to Consider Mini Deposit-Rate Cut If Easing Needed
Nov. 20 (Bloomberg) -- The European Central Bank is considering a smaller-than-normal cut in the deposit rate if officials decide to take it negative for the first time, according to two people with knowledge of the debate.
10. Even Billionaires Recoiling at Asking Price for London Mansions
Nov. 18 (Bloomberg) -- “We’ve had offers of around 25 million pounds, but they aren’t quite high enough,” says Noel de Keyzer, a veteran broker for Savills Plc, a London-based real estate agency. We are standing in a surprisingly sunlit subterranean family room beneath the garden of 29 Brompton Square in Knightsbridge, on the market for 27.5 million pounds ($44.3 million). Damien Hirst butterfly prints hang on the earth-tone walls of the recently renovated, fully furnished 1820s house.
1. Castro Says Oswald Couldn’t Have Shot Kennedy: Jeffrey Goldberg
Nov. 20 (Bloomberg) -- Fidel Castro shares at least one belief with the majority of Americans: He is convinced that the assassination of President John F. Kennedy was not the work of a lone gunman, but rather the culmination of a broad conspiracy. According to a recent Gallup poll, 61 percent of Americans believe Lee Harvey Oswald did not act alone in Dallas 50 years ago.
2. ‘Elite Overproduction’ Brings New Era of Disorder: Peter Turchin
Nov. 20 (Bloomberg) -- Complex human societies, including our own, are fragile. They are held together by an invisible web of mutual trust and social cooperation. This web can fray easily, resulting in a wave of political instability, internal conflict and, sometimes, outright social collapse.
3. Harry Potter Takes on ‘Goldman Sachs With Guns’: William Pesek
Nov. 22 (Bloomberg) -- Hollywood has long fetishized Japanese gangsters, with their full-body tattoos, missing pinkies and harems of buxom groupies. Ever since Sydney Pollack’s “The Yakuza” in 1974, the colorful mafiosi have provided regular fodder for directors including Ridley Scott and Quentin Tarantino.
4. Who Pays When India’s Billionaires Don’t Go Bust?: Pankaj Mishra
Nov. 18 (Bloomberg) -- Last month, the business empire of Eike Batista, once the world’s seventh-richest man and a mascot of economically resurgent Brazil, collapsed. The disaster ought to focus our minds on the perils of credit-fueled economic growth and highly leveraged corporations not just in Brazil but also in other BRICS countries.
5. Why Believe What Government Says About JPMorgan?: Jonathan Weil
Nov. 19 (Bloomberg) -- Leave it to a bunch of politicians to misrepresent what JPMorgan Chase & Co. admitted as part of a settlement over the bank’s supposed misrepresentations.
1. Porsche Macan to Chase Land Rover for Luxury SUV Sales
Nov. 20 (Bloomberg) -- The brand-new Porsche Macan sport-utility vehicle is seen undergoing pre-production testing at the Porsche Research and Development Center in Weissach, Germany, in a promotional video from Porsche AG.
2. Freshman’s Death Shows Frats Stymied Hazing Warning
Nov. 18 (Bloomberg) -- A group of college presidents in 2005 sought to curb binge drinking and hazing at university fraternities. The death of a 19-year-old Arizona State University freshman illustrates the failure of the initiative.
3. Porsche Macan: The Affordable Family Luxury SUV
Nov. 20 (Bloomberg) -- Pietro Boggia, principal at Frost & Sullivan, talks with Guy Johnson about Porsche unveiling its new Macan model.
4. Draghi Says ECB to Reveal Stress-Test Plan by Jan. End
Nov. 22 (Bloomberg) -- European Central Bank President Mario Draghi speaks at the European Banking Congress in Frankfurt about monetary policy, concerns over low interest rates and the Single Supervisory Mechanism.
5. Ex-Trader Remembers Tears on the Floor the Day JFK Died (Video)
Nov. 22 (Bloomberg) -- Bloomberg News contributor Michael Robbins talks about the atmosphere on the floor of the New York Stock exchange on the day President Kennedy was killed.
To contact the reporter on this story: Audrey Barker in New York at firstname.lastname@example.org
To contact the editor responsible for this story: Alan Mirabella at email@example.com