Exec charged with giving mistress merger info

Article Abstract:

The former CEO of investment bank Keefe, Bruyette and Woods has been sued in court for illegally giving information on impending bank mergers to his mistress. Charged were James McDermott, 48, and Kathryn Gannon, 30, also known as Marylin Star. The latter is an exotic dancer and appears in adult films. Gannon, in turn, passed on the information to businessman Antonio Pomponio. Both were believed to have made more than $80,000 from their illegal activity. Gannon has fled to Canada but authorities hope she will turn herself in, while McDermott has posted a $1 million bail.

Investment Banking and Securities Dealing, Investment Banking, Executive changes & profiles, Investment banks, Keefe, Bruyette & Woods Inc.

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Net financial services ride cyberwave

Article Abstract:

Stock prices of on-line security brokerages continue their big gains as investors reflect their optimistic view of the business' future. The big gainers include Ameritrade Holding, which has posted gains of 1,000% less than four months into 1999, E-Trade, National Discount Brokers, Charles Schwab and Siebert Financial. The trend is expected to continue as investors begin to realize that services such as insurance, mortgage and even estate planning will soon be available on-line.

On-Line Information Services, Financial analysis, Videotex & Teletext Svcs NEC, Internet services, Online information services

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Inner turmoil rips apart leading day trading firm

Article Abstract:

Block Trading's decision to cease operations in Sep 1998 came as a result of a bitter dispute between the company's founders, Chris Block and Jeff Burke. Burke and Block, president and CEO, respectively, were formerly lauded for their role in popularizing day trading, a service that links people directly to the stock market via their PCs. Block Trading's fall from its meteoric beginnings offers a glimpse of the volatility of even the hottest new firms in a new market.

Organizational history, Block Trading

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