• Wells Fargo reported a $2.55 billion loss for the fourth quarter; it also said recently acquired Wachovia lost $11 billion during the period. [BN, WSJ]
• Steve Schwarzman says it's a "wonderful time" for the industry, despite the fact his net worth has dropped by $7 billion in recent months. [BN]
• Andrew Cuomo has subpoenaed former Merrill chief John Thain. [WSJ]
• Wall Street bonuses dropped 44% in 2008. [BN]
• Bank of America's board of directors is now feeling the heat. [NYT]
• It was Tim Geithner who convinced Citi to scrap plans to buy a new jet. [FT]
• Lunch with T. Boone Pickens: now up for auction on Ebay. [DB]
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Wall Street
Wells Takes a Loss, Steve Schwarzman Dreams On
- Posted at 9:13AM on Jan 28, 2009
Email- Filed Under: Andrew Cuomo, Bank of America, Citigroup, Ebay auctions, Finance, John Thain, Merrill Lynch, Private jets, Steve Schwarzman, T. Boone Pickens, Tim Geithner, Wachovia, Wall Street, Wells Fargo
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