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A mysterious Japanese day trader claims to have made $34 million Monday
A mysterious Japanese day trader claims to have made $34 million Monday when global markets got hammered, according to Bloomberg.Jason Clenfield and Yuji Nakamura at Bloomberg said the trader shared...
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Goldman Sachs has been crushing tech banking — here's the team making it all...
Microsoft and Apple. Facebook and Twitter. Ebay and Alibaba.They are worth close to $1.5 trillion, combined. They have hundreds of millions of users around the globe. And they all call on Goldman Sachs...
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NYC power dining has been transformed, and an ex-Merrill Lynch exec is the...
There are two eras in modern New York City dining and nightlife — BC (before crisis), and AC (after crisis).The "crisis," naturally, refers to the financial crisis. The one that sucked money and life...
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Overstock has a new target customer: hedge funds (OSTK)
Overstock has struck a deal to take the online retailer into a new arena: helping hedge funds short stocks. Overstock's t0 subsidiary acquired broker-dealer SpeedRoute Technologies on Wednesday August...
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Warren Buffett just disclosed his newest $4.5 billion investment pick (PSX)
On Friday evening, billionaire investor Warren Buffett, the founder of Berkshire Hathaway, disclosed that he had purchased a massive stake in oil refinery Phillips 66 (PSX).Buffett now owns 57,975,456...
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Wall Street banks have changed the way Silicon Valley's top startups raise...
The way hot new startups raise venture capital is changing. And some traditional VC investors don't like it one bit. Late-stage venture investing is now in the words of one West Coast VC “much more...
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Citi is rebuilding its long-neglected equities franchise
NEW YORK (Reuters) - Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the financial system...
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MAYO: 10 reasons Bank of America CEO should be stripped of his chairman title
There could be changes ahead for Bank of America.On September 22, shareholders will vote on whether or not CEO and chairman Brian Moynihan should keep his "chairman" title.It's a controversial topic,...
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CHANOS: 5 things the world needs to understand about China
Jim Chanos, the founder of the short-biased hedge fund Kynikos Associates, has been questioning China's growth numbers since 2010.Now — with a recent currency devaluation, flailing stock market...
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Here are the winners and losers on Wall Street from the market carnage
There was an insane amount of volatility in the markets last week.The Dow lost more than 500 points on Monday, closing at 15,871.35, while the S&P 500 officially tipped into "correction"...
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Steve Cohen just got into a stock that has been nailing hedge funds this summer
Billionaire investor Steve Cohen's family office, Point 72 Asset Management, has taken a 5.1% stake in SunEdison, a solar energy manufacturer, according to government filings.The stock popped briefly...
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Here's the letter Jefferies' CEO sent out after one of the bank's trading...
Jefferies CEO Rich Handler, who is also the head of its parent company, Leucadia, sends out a letter every month to his bankers, traders, and analysts with some words of encouragement.Given the crazy...
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Two of America's biggest pension funds just gave Bank of America a thumbs down
The chorus of opposition against Brian Moynihan's dual role as chief executive and board chairman of Bank of America is growing louder.Two of America's biggest public pension funds — the California...
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The New York Stock Exchange is under attack for the way it handled the most...
The New York Stock Exchange is under attack.One of its biggest rivals, as well as electronic trading firms that do business on the exchange, are criticizing the way it handled recent swings in the...
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Warren Buffett just gave the CEO of Bank of America a vote of confidence at a...
Warren Buffett thinks Bank of America CEO Brian Moynihan is doing a great job. Business Insider reached out to Buffett, who took a huge stake of Bank of America preferred stock and warrants four years...
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These charts show how US investment banks are crushing their rivals
US investment banks are dominating their European rivals.American banks are beginning to increase their global-investment banking market share for a number of reasons, according to a note from Morgan...
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Battle lines are being drawn ahead of a decision on Bank of America's...
Bank of America is trying to consolidate its executive leadership by putting CEO Brian Moynihan into its chairman role. The U.S. bank last October named Moynihan chairman of the board, undoing an...
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The market chaos is going to have long-term effects on Wall Street banks
The past few weeks have witnessed an insane amount of market volatility.Each of the major US stock indexes finished August down more than 6%, their biggest monthly loss since May 2012.And that turmoil...
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Blackberry spends $425 million in cash to buy a mobile-email-security company...
Blackberry is spending $425 million cash to acquire Good Technology, a mobile-security company.Blackberry explained the deal in a release, saying:Good will bring complementary capabilities and...
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Deutsche Bank doubles down on bond trading in the US with big hire (DB)
Deutsche Bank is doubling down on bond trading in the US, hiring a former senior Lehman Brothers and Citigroup executive to a top sales post.The German bank has hired John Gallo to be head of its...
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