Most Read on Bloomberg: Ex-Goldman Trader, Fed, ‘House of Cards’

The following list comprises the of the most-read stories. Lists are based on daily statistics through Friday, June 20.


1. Ex-Goldman Trader Says Bonus Unfairly Cut to $8.25 Million

June 19 (Bloomberg) -- Deeb Salem, a former Goldman Sachs Group Inc. trader who said he helped the bank earn more than $7 billion, wants to be paid the almost $5 million difference between his 2010 bonus and what he told his mother to expect.

2. Fed Says Economy Rebounds as It Cuts Bond Buying by $10 Billion

June 18 (Bloomberg) -- The Federal Reserve said growth is bouncing back and the job market is improving as it continued to reduce the monthly pace of asset purchases.

3. Morgan Stanley’s Valeant E-Mails Call Client a ‘House of Cards’

June 17 (Bloomberg) -- Put this in the category of, if you can’t say something nice, don’t write it in an e-mail.

4. Currency Probe Widens as U.S. Prosecutors Said to Target Markups

June 19 (Bloomberg) -- U.S. prosecutors are broadening their investigation of the foreign-exchange industry as they question salespeople at the world’s biggest banks on their practices, according to two people with knowledge of the matter.

5. Argentina Has Two Weeks for Debt Deal After Court Rejection

June 16 (Bloomberg) -- Argentine Economy Minister Axel Kicillof, who negotiated $15 billion of payments to resolve debt disputes in the past four months, has two weeks to pull off his toughest deal yet.

6. Debt Traders Come and Go at BofA in Sign Humans Still Have Value

June 17 (Bloomberg) -- Just because Wall Street’s biggest banks are shrinking debt-trading desks doesn’t mean the war for talent is over.

7. Harvard Money Managers Exit After Years of Subpar Returns

June 18 (Bloomberg) -- After years of subpar results at Harvard Management Co., three high-level managers have exited the $32.7 billion endowment and the university is searching for new leadership.

8. ‘Bitcoin Jesus’ Calls the Rich to Tax-Free Tropical Paradise

June 16 (Bloomberg) -- He’s known as Bitcoin Jesus in the world of cyber-currencies. Though he can’t promise you heaven, he is offering a haven: a condo in the Caribbean that comes with a new passport and almost zero taxes.

9. Argentina to Negotiate With Bond Holdouts to Avert Default

June 18 (Bloomberg) -- Argentina plans to start talks with holders of its defaulted bonds in a bid to comply with a U.S. court ruling and stave off a new debt crisis.

10. Gold Surges as Global Stocks Gain While Dollar Weakens After Fed

June 19 (Bloomberg) -- Gold rose the most since September as the dollar weakened, while global stocks advanced to a record after the Federal Reserve said rates will remain low as the economy grows. Emerging-market currencies climbed.


1. Nobody Knows How Hard It Is as Master of Universe: Michael Lewis

June 15 (Bloomberg View) -- I’d like to start by making a confession: It’s never been easy being me.

2. A $549,000 Watch Is Market Signal Worth Tracking: Barry Ritholtz

June 16 (Bloomberg View) -- I have been hearing a lot about the spending habits of the 0.01 percent lately.

3. There’s Apparently Quite a Bit of Insider Trading: Matt Levine

June 17 (Bloomberg View) -- As I may have mentioned over and over and over and over and over again, the first rule of insider trading is just don’t insider trade, but the second rule is: If you have inside information about an upcoming merger, don’t buy short-dated out-of-the-money call options on the target. The SEC will get you! What I haven’t emphasized, however, is that derivatives can be replicated in various ways, so you can use other options to get similar results without trading in the Forbidden Option. This would not technically violate the second rule of insider trading, though I cannot wholeheartedly recommend it since it would violate the first.

4. Morgan Stanley Thought Valeant Was a House of Cards: Matt Levine

June 16 (Bloomberg View) -- Has anything good ever happened to an investment bank because of e-mail? I mean, I guess, probably. Certainly e-mail is the best way to tell an analyst to work all weekend without having to watch in person as the light goes out of his young eyes. And it probably helps to, I don’t know, coordinate complicated global businesses and so forth. But that’s boring background stuff and hardly worth mentioning. Every time you hear about an investment bank’s e-mails, it’s safe to say, the story is going to be terrible.

5. Senators Got Together to Discuss Their Stock Trades: Matt Levine

June 17 (Bloomberg View) -- A good chunk of today’s very silly Senate subcommittee hearing on “Conflicts of Interest, Investor Loss of Confidence, and High Speed Trading in U.S. Stock Markets” was taken up by: Senator Ron Johnson pointing out that, when he trades stock in his personal account, he gets instantaneous execution of his trades, at the price he wants, for $10 a trade, and Professor Robert H. Battalio telling him, no, the problem is, you don’t get your stock, the price moves away from you and your order is never filled.


1. Yellen Says Fed to Have Big Balance Sheet for Some Time

June 18 (Bloomberg) -- Federal Reserve Chair Janet Yellen speaks at a news conference in Washington about the U.S. economy and labor market, and the outlook for the central bank’s main interest rate and record monetary accommodation.

2. Katsuyama, Battalio Testify on High-Frequency Trading

June 17 (Bloomberg) -- Brad Katsuyama, chief executive officer of IEX Group Inc., and Robert Battalio, a professor at Notre Dame University, testify before the Senate Permanent Subcommittee on Investigations about high-frequency trading.

3. Federal Reserve Says Economy Rebounding as It Trims QE Pace

June 18 (Bloomberg) -- The Federal Reserve said growth is bouncing back and the job market is improving as it continued to reduce the monthly pace of asset purchases. Michael McKee reports on Bloomberg Television’s “Bottom Line.”

4. President Obama Will Send 300 Military Advisers to Iraq

June 19 (Bloomberg) –- President Barack Obama speaks about possible U.S. responses to sectarian violence in Iraq.

5. Fed Chair Yellen’s Own Words on Policy, U.S. Economy (Video)

June 18 (Bloomberg) -- Federal Reserve Chair Janet Yellen offers her views on the central bank’s continued reduction in its bond-buying program, the outlook for monetary policy and the U.S. economy.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE