MainStreet Money Monitor

"Fostering Financial Services Expertise with Social Consciousness"

Saturday, December 19, 2009

Seven U.S. Banks Are Seized, Raising Year’s Failure Toll to 140

Dec. 19 (Bloomberg) -- By Dan Reichl Seven U.S. banks were seized: by regulators, bringing this year’s total of failed lenders to 140 as ...

Saturday, November 7, 2009

Soaring U.S. Unemployment Threatens Path to Economic Recovery

Nov. 7 (Bloomberg) By Timothy R. Homan-- Highlights: Key Point to review: Unemployment Rate: in the U.S. jumped to 10.2 percent in Octobe...

Saturday, October 24, 2009

China Economy May Slow Next Year

Oct. 24 (Bloomberg) -- By Bloomberg News Highlights Stephen Roach , chairman of Morgan Stanley Asia : China may face an economic slowdown...

Wednesday, May 13, 2009

U.S. Economy: Retail Sales Unexpectedly Fall for Second Month

May 13 (Bloomberg) --By Courtney Schlisserman HIGHLIGHTS Retail sales in the U.S. un...

Wednesday, May 6, 2009

Rich Americans Default on Luxury Homes Like Subprime Victims

May 6 (Bloomberg) -- By Bob Ivry and Dan Levy ...

Friday, April 3, 2009

U.S. Economy: Unemployment Hits 25-Year High, Services Contract

By Bob Willis and Shobhana Chandra Highlights April 3 (Bloomberg) The U.S. unemploymen...

Wednesday, April 1, 2009

Heard from the Street - Fiday 3/27/09

Heard from the Street - Pasadena, California - Friday 3/27/09 The "Heard from the Street" report represents a series of short inte...

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Financial Services Executive

Jim Monachino: Los Angeles, California, United States; 20 YEAR CAREER IN THE MARKET: Jim seized the opportunity to enter institutional sales and marketing soon after he took his first job selling consumer investment products. This segue him into joining World Savings & Loan, where he jumped from the “sell” side of the business to the “buy” side, as member of their trading desk. As Jim climbed the ladder within the industry, his career trajectory continued to pick up steam. It wasn’t long before he accepted the position of Vice President of Asset Liability Management with Great Western Bank, Treasury, where he served as a Senior Hedging Specialist and pipeline and mortgage trader. He spearheaded new product development, traded with more than 15 Wall Street firms and managed a liquidity portfolio in excess of $7B. He helped originate over $5B of new products, including co-creating the LAMA mortgage index, prior to the acquisition of Great Western Bank by Washington Mutual. In 1999, he joined CUNA Mutual Mortgage Corporation as Assistant Vice President, Secondary Marketing, Risk Control Management; and moved on to the position of Vice President, Secondary Marketing for Lexington Lending in 2006.

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