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Compliance

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Greg MacSweeney
Greg MacSweeney
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Sallie Weeps Blood, Greg Smith Cashes In, Breaking Up the Banks and More

Sallie Krawcheck gave what is likely the most graphic description of big bank complexity, while Goldman Sachs prepares for ex-employee Greg Smith's supposedly tell-all book. Here what people are saying about these newsmakers, breaking up the big banks and the euro's continued troubles in this week's top quotes.
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2. Worst Deal of 2012?

Worst trade of 2012? Not the London Whale -- the publisher who paid Greg Smith (pictured at right) $1.5 mil.

—Joshua Brown, as @ReformedBroker, tweeted about Greg Smith's windfall for his tell-all book about Goldman Sachs.

Source: @ReformedBroker

 

Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio

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Stressed Out by Compliance, Reputational Damage & Fines?
Stressed Out by Compliance, Reputational Damage & Fines?
Financial services executives are living in a "regulatory pressure cooker." Here's how executives are preparing for the new compliance requirements.