Aug. 3 (Bloomberg) -- The following list comprises the most-read Bloomberg News reports during July.
To read any article, click on the story links shown below or go to READ 1M <GO> or MNI COLUMNS 1M <GO>. See NI READSUMS <GO> for previous lists of the most-read stories. Lists are based on monthly statistics through July 31.
1. U.S., U.K. Link Russia to Downed Malaysian Plane as UN Meets
July 18 (Bloomberg) -- The U.K. and the U.S. raised pressure on Russia to end support for the rebels blamed for the downing of a jetliner that killed all 298 people on board as the United Nations Security Council met to discuss the crash.
2. Stocks Slide on Europe Debt Turmoil as Treasuries, Gold Advance
July 10 (Bloomberg) -- Stocks from the U.S. to Europe slid as increasing concern over signs of financial stress in Portugal sent investors seeking safety in Treasuries, the yen and gold.
3. S&P 500 Tumbles, Bonds Rally as Geopolitical Tension Escalates
July 17 (Bloomberg) -- The Standard & Poor’s 500 Index fell the most in three months, while Treasuries rallied with gold as demand for haven assets rose amid escalating tension in Ukraine and the Middle East. Sanctions against Russia intended to curb violence sent European markets lower.
4. MORE: Malaysia Airlines Boeing 777 Crashed in Ukraine: IFX
July 17 (Bloomberg) -- Passenger jet was bound for Kuala Lumpur from Amsterdam, Interfax reports, citing unidentified Ukrainian law-enforcement official.
5. Espirito Santo Creditors Doubt Containment on Missed Payment
July 10 (Bloomberg) -- Central bank assurances that Portugal’s Banco Espirito Santo SA is protected after a parent company missed short-term debt payments are failing to ease creditor concern they may also suffer losses.
6. Goldman Managing Director Valtz Found Dead on Long Island
July 21 (Bloomberg) -- Nicholas Valtz, a managing director in cross-asset sales at Goldman Sachs Group Inc. in New York, was found dead yesterday by family members who went searching for him after he didn’t return from a kiteboarding outing.
7. Credit Suisse to Exit Commodities, Posts Biggest Loss Since 2008
July 22 (Bloomberg) -- Credit Suisse Group AG said it will abandon commodities trading as a $2.6 billion fine to settle a U.S. tax investigation pushed the Swiss bank to its biggest quarterly loss since 2008.
8. Ex-Jefferies Managing Director Litvak Gets Two-Year Sentence
July 23 (Bloomberg) -- Ex-Jefferies & Co. Managing Director Jesse Litvak, deemed an “elite” fraudster by prosecutors for being the only person convicted of fraud over a $20 billion government bailout program, was sentenced to two years in prison for lying to customers about mortgage-backed securities.
9. Espirito Santo Lifts Lid on Group Exposure on Market Turmoil
July 11 (Bloomberg) -- Banco Espirito Santo SA sought to reassure investors by revealing its exposure to related companies after a missed payment on short-term debt by a member of the Portuguese group roiled global markets.
10. Morgan Stanley Said to Boost Junior Banker Salaries by About 25%
July 29 (Bloomberg) -- Morgan Stanley is raising base salaries for junior bankers by about 25 percent as part of an effort to improve working conditions and retention, according to people briefed on the matter.
1. Deeb the Conqueror Bares His Soul Before His Mama: Michael Lewis
July 7 (Bloomberg View) -- Bloomberg News reporter Michael Moore was recently given a brief, tantalizing glimpse of transcripts from the case against Goldman Sachs brought by one of its former mortgage traders, Deeb Salem. Though he had been paid $35 million over six years in his job, Salem argued on Feb. 25 before a Finra panel that, back in 2010, he had been cheated out of millions by Goldman.
2. Citigroup Mortgage Trader Sent a $7 Billion E-Mail: Matt Levine
July 14 (Bloomberg View) -- Back before everything was thrown into confusion by the capture of the alleged mastermind of the Benghazi attack, Citigroup and the Justice Department argued over how much money Citi should pay for having securitized a bunch of terrible mortgages.
3. Why I Flew to Israel Despite FAA Ban: Michael R. Bloomberg
July 23 (Bloomberg View) -- Just hours after the U.S. Federal Aviation Administration prohibited domestic airlines from flying to Israel this week, I boarded an El Al flight from John F. Kennedy International Airport in New York City to Ben-Gurion International Airport in Tel Aviv to express solidarity with the Israeli people and show the world that Israel’s airports remain open and safe.
4. Malaysian Airliner Crash Should End Ukraine War: Marc Champion
July 17 (Bloomberg View) -- Whether or not the Ukrainian Interior Ministry’s claim that pro-Russia separatists shot down a Malaysia Airlines passenger jet over Eastern Ukraine today proves true, the tragedy should be the catalyst to end this manufactured conflict.
5. ‘Transformers’ Rape Joke Gets Even Less Funny: Stephen L. Carter
July 14 (Bloomberg View) -- In a post a couple of weeks ago on the fourth installment of the “Transformers” film franchise, I complained -- as have many others -- about the relationship between the protagonist’s 17-year-old daughter, Tessa, and her 20-year-old boyfriend, Shane. I was among those disturbed that Shane carried a laminated copy of the Texas “Romeo and Juliet” laws, lest he be charged with statutory rape.
1. Yellen Says Easing Needed Amid Jobs Slack
July 15 (Bloomberg) -- Federal Reserve Chair Janet Yellen testifies before the Senate Banking Committee in Washington about the outlook for the U.S. economy and monetary policy.
2. Ackman Presents Results of His Herbalife Probe
July 22 (Bloomberg) -- Bill Ackman, chief executive officer of Pershing Square Capital Management LP, talks about the results of his company’s investigation into the business model of Herbalife Ltd.
3. Yellen Testifies on Federal Reserve Policy, U.S. Economy
July 16 (Bloomberg) – Federal Reserve Chair Janet Yellen speaks about the U.S. economy and Fed policy. Yellen testifies before the House Financial Services Committee as part of her semi-annual report to Congress.
4. Yellen Favors ‘Macroprudential Approach’ to Stability
July 2 (Bloomberg) -- Federal Reserve Chair Janet Yellen speaks about the role of monetary policy and regulation in maintaining financial stability.
5. Tesla Eager to Study Stolen Model S Split in Crash
July 7 (Bloomberg) -- A Tesla Motors Inc. Model S split in half and burned after a high-speed chase and collision in Los Angeles on July 4.
To contact the reporter on this story: Audrey Barker in New York at firstname.lastname@example.org
To contact the editors responsible for this story: Alan Mirabella at email@example.com Stanley James