Thursday's Headlines: Goldman Bans Swear Words In E-Mails
Goldman Sachs has ordered employees not to use profane words in e-mails, and has deployed software to catch swear words (including the ever-popular partial ones that substitute asterisks for one or more letters) in employee communications. The order was communicated verbally, without an official banned words list. Citigroup and JPMorgan have similar policies.
With the Dodd-Frank Act making the SEC and other financial regulatory agencies more powerful than ever, headhunters are racing to recruit former regulators as lawyers and lobbyists to help Wall Street firms shape and respond to the government's looming rulemaking blitz.
Deutsche Bank Shutting Commercial Real Estate Adviser Group [Bloomberg News]
Deutsche Bank is folding its New York-based commercial real estate transaction advisory group into its credit and emerging markets group, according to unnamed sources. The bank reportedly is seeking to find other positions for the unit's employees including its head Warren Friend, who joined Deutsche from Morgan Stanley last year.
Rockefeller Snags Ex-Goldman Exec As New CEO [Investment News]
Reuben Jeffery III is set to join Rockefeller Financial as chief executive on Sept. 7, filling a hole at the top left by James McDonald's suicide last September. Jeffery, a former chairman of the CFTC and former head of Goldman Sachs's European financial institutions group, most recently was a senior adviser at the Center for Strategic and International Studies.
Mortgage Brokers To Be Fingerprinted and Registered [AP, Via Yahoo]
Final rules issued by six federal bank regulators including the Fed and OCC take effect Oct. 1. The rules implement a 2008 law that strengthens mortgage broker licensing requirements - which will now include fingerprinting, signing up to a central registry, mandatory education, credit checks and passing state and federal exams.
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