JPMorgan Chase CEO Jamie Dimon.J. Scott Applewhite/The Associated Press
Can't-miss stories from the Web
Welcome to Bankistan
In an epic rant that manages to be simultaneously hilarious and depressing, The Big Picture's Barry Ritholtz rails against a U.S. banking system run amok, one that cites economic devastation as an argument against regulation. Hyperbolic? Absolutely, but entertaining nonetheless.
'Fat, lazy and inefficient'
Oil sand contractors are called out by industry leaders for gouging their clients. For example, the time the chairman of Canadian Oil Sands was quoted $175,000 for the construction of a bathroom.
BMO trims CEO pay
Canada's fourth-largest lender shaved 6.8 per cent from William Downe's compensation in 2012, (compared to 2011) leaving him with $9.22-million.
Clarus scoops ex-Canaccord Genuity analyst
Clarus Securities Inc. has hired former Canaccord Genuity analyst Eyal Ofir as the company bolsters technology coverage.
Hedge fund closures on the rise
873 funds failed last year, the third consecutive year of increasing closures.
(Jody White is the Web Editor for Streetwise.)
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